Alan answers a question posed by Charles, who asks:
I bought 100 shares of the ETF XOP and sold 1 covered call position for May and it is going to split 1-for-4 on March 30th. What is the procedure for this position?
——— It’s the 2nd Wednesday of the month. Time for another original episode of Ask Alan. AA#176, “Reverse Stock Splits Analyzed” videos, you can! Become a premium member today, and tune in to the educational power of the complete library!
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