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Strategies & Market Trends : The Options Box

QQQ 608.89

+0.6%

Nov 25 4:00 PM EST

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To: Poet who wrote (519)	5/22/2000 11:37:00 AM
From: waverider	Read Replies (3) of 10876

Get this BS...Fidelity is telling me that the ONLY way I can get my money out of my 2001 $10 QCOM options is to sell them. You think this makes sense right...WRONG. I don't want to sell them I want to exercise them. Follow me... Originally this was an $80 2001 LEAP. Let's say I had 1. Split #1 should have changed it to 2 $40 LEAPs. Spit # 2 should have changed it to 8 $10 LEAPs. But they changed it to 800 $80 LEAPs instead. So if I want to exercise I have to buy 4000 shares of Q at $80. You got that? I should be able to buy 4000 shares at $10. They are forcing my hand and will NOT allow me to exercise the LEAPs. I have run through the chain of command at Fidelity. NADA. Anyone want to tell me what the hell is going on? Rick

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