VXX
More of a question to understand what I actually have: in Nov ’21 I bought two long puts contracts in VIX with a 5$ Strike, expiration Jan19′ 24. And then came the reverse split and I don’t know anymore if I have a good or bad trade. Reverse was 1 for 4, now I can’t work out where my BEP would be on this? what would happen if I tried to execute the option? They are noted now as 25/100 option, that must be because of the reverse split, but still at the 5$ strike. Expiration is coming relatively soon, so I must make up my mind.