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Non-Tech : RAINFOREST CAFE
RAIN 5.680-5.2%11:10 AM EST

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To: Mike Naiditch who wrote (3505)11/24/1997 9:39:00 PM
From: Dennis Vail   of 4704
 
Hey Mike,

I think this one belongs to you:

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To: John Carragher (3528 )
From: AARON DIDICH Sunday, Nov 23 1997 8:35AM EST
Reply #3529 of 3534

John or anyone:

Does anyone have any previous experience or current knowledge on what
happens with option contracts after a split? I assume I will wind up with 50% more with a corrected price but also wonder how they handle
the share value to the right of the decimal point. Can't really recall seeing 5/8's or 11/16's listed with the strike contracts?

I own the Feb35's.

TIA,

Aaron
(end repost)

Personally I think you muliply your contracts by 3/2 and your strike price by 2/3. But that could leave some people with 1 1/2 contracts of Feb 23.3333333333333333333333333333333333 calls. What do you do?

Regards,
Dennis
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