Giant LEAPs... Message Board

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Strategies & Market Trends : Giant LEAPs...

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To: Roger Staubus who wrote (279)	1/2/1999 1:00:00 PM
From: Don Pueblo	Read Replies (1) of 315

a LEAP question: NAVR is gonna spin off NetRadio. NAVR trades LEAPS. If I bought a LEAP on NAVR, how would the spinoff be calculated? Would I have to exercise the LEAP (take the shares) before the IPO to get the NetRadio shares? Any idea how the CBOE would calculate that, if I didn't exercise? Because the "rule" is "owners of record on [date] which would not be LEAP holders. Only other deal that comes to mind is the T spinoff of LU 2 years ago. I wonder how that works. I just checked, and no options on NAVR listed on the CBOE site. But I still have the question.

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