Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Howard t Anderson who wrote (29032)	11/19/1999 9:10:00 PM
From: Larry S.	Read Replies (1) of 42771

if you are long 1 wcom jan 100, and the 3:2 split occur prior to option expiration, you will hold 1 call option on 150 shares at 66.66 i believe. if there were a 2:1 stock split, then you would be long 2 Jan 50's (each for 100 shares). the call holder's position as far as number of shares and strike should not change as a result of the split. at least this is my understanding. larry

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