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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (30841)8/11/1998 2:09:00 AM
From: Richard Nehrboss  Read Replies (1) of 132070
 
MB...

A lurker here... Enjoy reading your advice (tips?) (opinion?).

Question for you, if you don't mind.

I'm in CDG at $19.5, have written Feb $20 calls. CDG announces today that it's being acquired by FLC for 1.7 shares of FLC per 1 of CDG. What happens to the options I've written if the deal goes through before Feb. I've never run into this, although pleasant, situation.

Thanks
Richard
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