How will the corporate action impact options held in my account?

Clients holding a position on the exchange CORPACT will be unable to close the position. Symbols listed on this exchange represent an asset currently subject to a corporate action, either a position which was voluntarily submitted to an offer or one which the account may be held liable for. Positions in such assets are generally in a transient state and will be removed upon completion of the corporate action…

An issue change is considered a mandatory corporate action. Clients do not need to take action on mandatory corporate actions. IBKR will process mandatory corporate actions on the effective date, or upon receipt of the new shares or funds from the depository or clearing agent…

A merger is considered a mandatory corporate action. Clients do not need to take action on mandatory corporate actions. IBKR will process mandatory corporate actions on effective date, or upon receipt of the new shares or funds from the depository or clearing agent…

After a corporate action, the Options Clearing Corp (OCC) may create a new underlying for open option contracts to represent the Adjusted Basket underlying that can include the new stocks and/or cash. IBKR only allows closing orders for an option contract that had the underlying deliverable adjusted by the Options Clearing Corp (OCC). The OCC publishes Information Bulletins outlining the terms of adjustments on its…