Hi people (& Jill<g>), I have a dilemma, a real good one...
As the matter is pretty urgent, I would appreciate help as soon as possible.... Pretty please with sugar on it <g>
I have 8x LEAP Options on EMC (they were 2 but split twice), Jan 2001 .... $ 25 !!!
It would cost me $ 20,000 to exercise the options, and I would get stock valued at about 800 x $ 83 = $ 66,400..
Usually, you do not exercise an option before it's time, especially since it is so ITM or In-the-Money, as you lose the time "Premium"
But with EMC, there is a spinoff coming, the McData spinoff of which IF I hold the options, I get no shares ( I THINK ?)
If I remember, we get .37 share of MCData for every share of EMC right ? I would then be forgoing 296 shares of McData
if I did not exercise...
Anyone knows what I should do ?
Thanks in advance
Jean |
