Hello learned friends. I'm just curious as to how consolidation impacts options. If a 10:1 head consolidation were to occur I assume the same would be done for options but what impact on the strike price? Ratio x original strike price for each resulting option? I.e. would 10 options exercisable at 1c become 1 option exercisable at 10c?
Excuse my ignorance but I have not held options through a consolidation in the past.