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Technology Stocks : INTEL- Money Making Option Ideas for Small Investors
INTC 45.51+10.7%Jan 9 9:30 AM EST

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To: IQBAL LATIF who wrote (28)6/19/1997 2:16:00 AM
From: B Hamilton   of 201
 
More Questions on the Split and Options

I wrote July 165 Covered Calls, and after reading from Intel's Web site that Owners on record before 6-10-97 would recieve one additional share, (or warrent), I am qurious as to how this effects the operation?

Does this mean that owners on record before 6-10-97 recieve a 3 for one split?

If my calls gets executed, do I get the extra shares?

The Calls need to be exersized before 7-17-97 @ 0500.

The Split occurs on 7-16-97. (Right?)

The earnings report gets released after the close on 7-15-97

Should I buy July 165 calls to protect my extra shares?

I should call Intel and get an explaination as to what is going to happen.

Thanks for any enlightenment

Brien Hamilton
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