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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: username who wrote (32120)	1/26/1998 10:56:00 AM
From: Greg h2o	Read Replies (1) \| Respond to of 61433

RE:< The only way these options could expire worthless is if the company went belly up.> Nope. You are correct about there not being an actual "strike price" or an "expiration date." There is a "grant price" and a "last date to exercise." So, while the terminology isn't the same, there are still parameters. For example, my wife's Delta "grant price" was $69 and her last date to exercise is 10/29/06. If the stock price is only $68 at that time, her options will be worthless. Oh, and trust me, after they were "granted" to her, the stock price immediately dropped to the high 30's. Delta didn't reprice, but today the stock price is $114. Hope this helps, greg