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Politics : Formerly About Advanced Micro Devices

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To: niceguy767 who wrote (106965)4/20/2000 2:15:00 PM
From: Petz  Read Replies (2) of 1574349
 
re:<what will happen to Jan 100 calls if AMD splits 3:1>
You will have 3 AMD Jan 33.33 calls for each Jan 100 you used to have.

This is a very good deal, because the % volatility of AMD will be much higher at 33 than it will be at 100. This means that each Jan 33 option would almost certainly be worth more than 1/3 of the Jan 100.

Petz
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