[Options Premium] UPDATE to DowDuPont Trade

In light of DowDuPont's $DWDP recent spinoff of Dow $DOW, it makes the maths a little more complicated on our trade.

Here is the press release from the OCC: https://t.co/QhpJMykSi8 (click the link then launch the pdf)

The short story is this: $DWDP investors are now entitled to one share of $DOW each every 3 shares of DWDP held.

This means that the true value of our options is price of DWDP stock + one third price of DOW stock (approximately).