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Technology Stocks : Alcatel (ALA) and France
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To: bertrand bidaud who wrote (167)11/1/1998 1:16:00 PM
From: Kevin Podsiadlik  Read Replies (1) of 3891
 
The YDI options are DSC Communications options, which represent 80.5 shares of ALA instead of the usual 100. So that Jan 20 option YDIAD actually has an effective strike price of a bit under 25 (24.84 by my calculator), and that is why their price is so low.
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