Every once in a while, an options trade teaches you something new—even after years of trading. My recent QBTX trade did exactly that. What started as a single put sale turned into three separate contracts thanks to a stock split… and somehow it all worked out in my favor.
Here’s the full story.
📌 How It Started: Selling the $45 Put
Back on August 26, 2025, I opened what looked like a straightforward trade:
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QBTX 12/19/2025 Put @ $45
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Sold to Open
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Premium collected: $10.00
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Cash in hand: $999.95
QBTX had crazy high IV at the time, so selling premium made perfect sense. I honestly didn’t expect the trade to take any weird turns—but markets always find a way.
📉 Then QBTX Announced a 3-for-1 Stock Split
This is where things got interesting.
Because of the split:
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My 1 single put contract was automatically adjusted into
3 contracts at a $15 strike -
The OCC handled everything behind the scenes
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My order history showed the changes as OCA / 3S entries
At first glance, it looked like some strange multi-leg order I didn’t place. Then I realized:
Oh… the stock split broke my contract into three.
Everything was still equivalent—the math just changed.
🔄 Closing the Three Contracts
Fast-forward to December 3, 2025, I decided to close out the trade.
Here’s what I paid to buy back the three $15 puts:
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$0.20 → $20.02
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$0.25 → $25.02
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$0.30 → $30.02
Total cost: $75.06
Pretty cheap considering the premium I originally collected.
💰 Final Profit (The Part That Actually Matters)
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Premium collected: $999.95
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Cost to close: –$75.06
⭐ Final Profit: $924.89 ⭐
Not bad at all for a trade that took an unexpected detour.
🎯 What I Learned from This Trade
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Stock splits aren’t a problem for option sellers—the OCC handles everything
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One contract can quietly turn into three, and it's completely normal
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As long as the math stays consistent, the premium stays yours
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In this case, the split actually helped me close everything cheaply
Honestly, this trade was a nice reminder that staying calm and understanding how adjustments work goes a long way. In the end, I walked away with nearly a thousand dollars on a position that morphed mid-way.
And I’ll definitely be keeping an eye on QBTX for future premium setups.
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