If I got picked in the lottery, that’s means I’m h1b pending, which means I can’t travel to another location than the home office - correct? Confused about this.

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What is your current status ? H1B pending doesn’t mean H1B status. If your current status expires before you get approved, you can still stay in the country until H1B decision. But again, H1B rules should not apply until you’re on H1B

No. You are still on OPT until your I-797 comes through.

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