{"slug":"when-an-option-isnt-100-shares","qid":"reverse_splits","label":"Recent reverse splits and the deliverable left behind","post_title":"How Many Shares in an Options Contract?","post_url":"/blog/when-an-option-isnt-100-shares#q-reverse_splits","columns":["symbol","effective_label","ratio","shares_per_contract"],"rows":[{"symbol":"SHFS","effective_label":"Sep 30, 2026","ratio":"1-for-12","shares_per_contract":8.33},{"symbol":"GSPFD","effective_label":"Sep 30, 2026","ratio":"1-for-5","shares_per_contract":20},{"symbol":"DHY","effective_label":"Sep 30, 2026","ratio":"1-for-10","shares_per_contract":10},{"symbol":"TRUG","effective_label":"Sep 29, 2026","ratio":"1-for-10","shares_per_contract":10},{"symbol":"VRME","effective_label":"Sep 29, 2026","ratio":"1-for-10","shares_per_contract":10},{"symbol":"AGRZ","effective_label":"Sep 29, 2026","ratio":"1-for-20","shares_per_contract":5},{"symbol":"CDT","effective_label":"Sep 29, 2026","ratio":"1-for-25","shares_per_contract":4},{"symbol":"ONMD","effective_label":"Sep 29, 2026","ratio":"1-for-10","shares_per_contract":10},{"symbol":"GMEX","effective_label":"Sep 28, 2026","ratio":"1-for-9","shares_per_contract":11.11},{"symbol":"DLXY","effective_label":"Sep 28, 2026","ratio":"1-for-5","shares_per_contract":20}],"shape":"ranking","sql":"SELECT\n    ticker                                            AS symbol,\n    formatDateTime(execution_date, '%b %e, %Y')       AS effective_label,\n    concat(\n        toString(round(toFloat64(any(split_to)), 2)),\n        '-for-',\n        toString(round(toFloat64(any(split_from)), 2))\n    )                                                 AS ratio,\n    round(100 * toFloat64(any(split_to)) / toFloat64(any(split_from)), 2) AS shares_per_contract\nFROM global_markets.stocks_splits\nWHERE execution_date >= '2026-01-01'\n  AND execution_date <= '2026-09-30'\n  AND ticker NOT IN ('SPCX')\n  AND toFloat64(split_to) < toFloat64(split_from)\nGROUP BY ticker, execution_date\nORDER BY execution_date DESC\nLIMIT 10","computed_at":"2026-10-06T16:05:04.975082+00:00","elapsed":0.003922473}