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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: WTMHouston who wrote (1470)	6/1/2000 7:21:00 PM
From: KFE	Read Replies (2) \| Respond to of 2317

WTMHouston, I own some July 35 calls on VSH. VSH is going to split 3 for 2 on June 9. Obviously, the 3:2 will not result in a whole number post-split: actually $23.33. How will the strike price be adjusted to reflect the split? You should have the same number of contracts at a 23 3/8 strike price but each contract will now be for 150 shares. You should always check the CBOE site for new terms of contract when there is a split. You should also check there for the new symbol. cboe.com Regards, Ken