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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: taxman who wrote (1206)	1/17/2000 10:41:00 AM
From: taxman	Respond to of 8096

another example regarding palm: Distributions of property other than the underlying security may require different adjustments. For example, outstanding options might be adjusted to include the distributed property. EXAMPLE: If XYZ "spins off" its subsidiary ABC by distributing to its stockholders 2.5 shares of ABC stock for each share of XYZ stock, outstanding XYZ options might be adjusted to require delivery of 100 shares of XYZ stock plus 250 shares of ABC stock.