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Technology Stocks : WCOM
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To: Paul Berggren who wrote ()1/24/2000 10:37:00 PM
From: Carlsay  Read Replies (1) of 11568
 
Options / Split

Anyone traded WCOM's option (call or put) on Jan.6, 2000 is most helpful. Could you tell me how many shares of WCOM stock is represented by 1 WCOM option, 100 or 150?

or
Could any option trading expert tell me the truth? MCI WorldCom splits its stock on Dec 31, 1999 by 3:2. I bought some Jan 50 MCI WorldCOm options on Jan.6, 2000 (settled on Jan 7 2000). Since I bought the option after the stock has been splited, I think each option should be represented as 100 shares of the stock. However, someone said that each option should represent 150 shares of the stock. I checked the option trading book. The book says if the option was purchased before the split, after stock split, the option will be adjusted. Please someone on the board could tell me the truth. Thank you very much!
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