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Non-Tech : RAINFOREST CAFE -- Ignore unavailable to you. Want to Upgrade?

To: AARON DIDICH who wrote (3529)	11/23/1997 5:24:00 PM
From: Lost in New York	Respond to of 4704

Does anyone have any previous experience or current knowledge on what happens with option contracts after a split? I assume I will wind up with 50% more with a corrected price but also wonder how they handle the share value to the right of the decimal point. Can't really recall seeing 5/8's or 11/16's listed with the strike contracts? I know there are some Cicso LEAPS with strikes of 62.5 and 67.5. I expect you'll be able to get info somewhere at the CBOE web site after the split. Dave

To: AARON DIDICH who wrote (3529)	11/25/1997 9:33:00 AM
From: Mike Naiditch	Read Replies (1) \| Respond to of 4704

Options Update (split info) RAIN will have two different options tickers until May expiration. QRI options, pre-split will be converted to "old" options under a different ticker. These options will be adjusted for the split. A) Positions will remain the same. B) The multiplier for each "old" contract will be adjusted to 150, and each "old" contract will control 150 shares of RAIN. C) Stikes will be adjusted by multiplying by 2/3 and rounding to the nearest 1/8. Example: 25>>>16 5/8 30>>>20 35>>>23 3/8 40>>>26 5/8 Mike Naiditch Tower Trading DPM towertrading.com