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To: Howard t Anderson who wrote (29032)11/19/1999 9:10:00 PM
From: Larry S.  Read Replies (1) | Respond to of 42771
 
if you are long 1 wcom jan 100, and the 3:2 split occur prior to option expiration, you will hold 1 call option on 150 shares at 66.66 i believe. if there were a 2:1 stock split, then you would be long 2 Jan 50's (each for 100 shares). the call holder's position as far as number of shares and strike should not change as a result of the split. at least this is my understanding. larry



To: Howard t Anderson who wrote (29032)11/19/1999 9:16:00 PM
From: Paul Fiondella  Read Replies (2) | Respond to of 42771
 
Options and splits

If the stock splits 3 for 2, (example two shares at $75 splits to three shares at 50) you end up with one and one half as many options and the strike price is cut 1/3 (example 2 calls at 75 become 3 calls at 50).


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