America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: yard_man who wrote (6838)	1/15/1998 11:20:00 AM
From: James F. Hopkins	Read Replies (1) of 13594

Barry; I looked not too long ago and the premiums were so dogone high on AOL puts, looked like maybe you could maybe buy calls and short aginst the calls cheaper than buying puts. It's an angle worth looking at. I hear talk AOL is likley to split, now I've never had puts or calls on hand when a stock splits. Just what do they do with your puts and calls on a stock split, shit you to a new strike price based on the split ? That would seem to make sence. Say AOL is 90 , I buy puts at S 80 , AOL splits, goes to $45, do my puts go to S $40 ? -------------------- Haven't looked at MOOV this morning, had and I guess I still have a bid, in at 1 5/16 but as of last night it didn't fill. But I had it GTC better go look. Jim Just looked it still no fill last sale 1 11/32, best ask 1 3/8, My Bid is best bid showing but the Market makers wont fill it if she dont tick down at least to 1 9/32..they got to get at least 1/32 or they won't handle it. Maybe I get it maybe I don't. But I got a half of ton of it already so I'm in no hurry. Jim

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