Corporate Action Adjustments in Stock Options

Zerodha
1

Hi,

With reference to the NSE Documentation on Adjustments in case of Corporate Actions, I had a few doubts.

https://www.nseindia.com/products-services/equity-derivatives-corporate-actions-adjustments#:~:text=The%20basis%20for%20any%20adjustment,same%20as%20far%20as%20possible.

When it comes to Option Strikes, proper explanation is given as to how strikes need to be adjusted. My question is with regards to the Option Price. Whenever there is a split or bonus,
there is an adjustment happening to the Lot Size which means that the Option price would also get adjusted . In case there is a Corporate action like special dividend or rights issue where the Lot Size is not changing, does that mean that the Option Price also doesn’t get adjusted? I think
it doesn’t but just wanted to clarify the same.

Thank You.