A non-standard stock option where the price is tailor made in any substantial expected move in the underlying stock's capitalization.
These options are created for corporate activities like acquisitions, spin-offs, mergers, etc.
Here is a short video to explain the basics of Options Adjustments

A non-standard stock option where the price is tailor made in any substantial expected move in the underlying stock's capitalization.
These options are created for corporate activities like acquisitions, spin-offs, mergers, etc.
Here is a short video to explain the basics of Options Adjustments