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Faraday Future Intelligent Electric Inc.: Adjusted Faraday Future Intelligent Electric Inc. - Position Consolidation Adjusted Option Symbol: FFIE2

OCC ·  Aug 20 01:45
Summary by Futu AI
On August 19, 2024, Faraday Future Intelligent Electric Inc. announced an adjustment to its options trading symbols. The Options Clearing Corporation (OCC) has adjusted the deliverable of Faraday Future's options, changing the deliverable to one Class A Common Share of Faraday Future (FFIE). As a result, the OCC will consolidate the adjusted option symbol FFIE2 into FFIE1, effectively removing FFIE2 from trading. This consolidation is scheduled to occur before the market opens on August 20, 2024. Following the consolidation, all existing FFIE2 options will be processed under the symbol FFIE1. The contract adjustment will also take effect on August 20, 2024, with a new contract multiplier of 100, meaning that for premium or strike dollar extensions, 1.00 will equal $100. The new deliverable per contract will be one Faraday Future Class A Common Share, with the CUSIP number 307359885.
On August 19, 2024, Faraday Future Intelligent Electric Inc. announced an adjustment to its options trading symbols. The Options Clearing Corporation (OCC) has adjusted the deliverable of Faraday Future's options, changing the deliverable to one Class A Common Share of Faraday Future (FFIE). As a result, the OCC will consolidate the adjusted option symbol FFIE2 into FFIE1, effectively removing FFIE2 from trading. This consolidation is scheduled to occur before the market opens on August 20, 2024. Following the consolidation, all existing FFIE2 options will be processed under the symbol FFIE1. The contract adjustment will also take effect on August 20, 2024, with a new contract multiplier of 100, meaning that for premium or strike dollar extensions, 1.00 will equal $100. The new deliverable per contract will be one Faraday Future Class A Common Share, with the CUSIP number 307359885.
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