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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 85.10+0.9%Dec 9 3:59 PM EST
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To: SJS who wrote (881)2/24/1998 6:36:00 PM
From: Jerry Miller  Read Replies (2) of 6846
 
Yes. exactly right.

the x-date is the date we need to remember.
that's the date that the shares go into your account, and the stock
begins trading at the new price.

you can buy shares, or puts or calls right up to the closing bell
on the day before the split, and still get your 2-1 on them the next day.

here's an example...
just for kicks, i bought a Qwest March 70 call, about noon today, for 6.
tomorrow i will have 2 March 35 calls valued at 3 each.

...pretty cool, huh ?
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