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To: waverider who wrote (10582)5/22/2000 10:24:00 PM
From: jmac  Respond to of 13582
 
I trade a small firm out of Texas. That has happened to me when ATT did a 3:2, CSCO did a 3:2 and WCOM did a 3:2. My options ended up representing 150 shares. I don't think it is Fidelity. I think it is the CBOE.



To: waverider who wrote (10582)5/23/2000 1:51:00 PM
From: Uncle Frank  Respond to of 13582
 
>> Bought them with at a $80 strike...after two splits they should have turned to $10 strikes. They said no, they are still $80 strikes, but you now have 800 shares per LEAP.

Didn't they change the designator and credit you with 8X the number of contracts after the splits? And they changed the designator again after they decayed from LEAPS to options, didn't they?

Sounds like you should ask for a supervisor, Rick.

uf



To: waverider who wrote (10582)5/23/2000 6:08:00 PM
From: Thomas Sprague  Respond to of 13582
 
Diamond H

According to Fidelity's thinking you could buy 80$ calls on a 100$ stock and if the stock split 2 for 1 ,you would then be out of the money!
You are correct in your thinking.
I might suggest you change brokers. (fast).
TDS