reverse split

Stock splits are not rare, they happen quite often.  In this article, I'm going to try to shed some light on what happens to options when stock is doing a reverse split. Make sure to check out my newsletter: Covered Calls with Reinis Fischer On March 24, 2020, I bought both call and put ratio back spread options on XOP ETF. A couple of days later I was reading on SeekingAlpha that XOP is doing a reverse stock split (4:1) My first question was  - what happens to my options now I'm currently…