Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Eddie Kim who wrote (23419)	3/26/1998 1:33:00 AM
From: VincentTH	Read Replies (1) \| Respond to of 97611

Eddie, I believe all CPQxx options are for 100 shares. The other poster's options are LEAPS calls. I also believe the VKPxx and LKPxx LEAPS are for 100 shares whereas the un-converted VKZxx and LKZxx options are for 250 shares. Can someone confirm/refute this?

To: Eddie Kim who wrote (23419)	3/26/1998 1:50:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 97611

Eddie; I'm not a broker and it's good you asked yours, and I feel sure if he told you that it's right.. very likely any you see with the standard strike prices 25 , 27.5 , 30, 32.5 , 35 like that are 1 for 1 or 100 to a contract ----------- but the numbers like 26 27 28 29 31 32 33 34 36 note I skiped ( 30 and 35 ) as they are standard..well them others likley are from the pre split and have a multiplier in them.. check with your broker if in any doubt..I didn't untill after and was shocked to find my ticket ( history file showed the right number of contrats I ordered ..the right price,, but the amount of money to be setteled on was much larger, so at first I thought it was a computer glich..no glith.. thats the way they work..dhaa..why didn't you call us first <G> As it is I came out smelling like a rose..but my had they moved against me I would have been in a jam. Jim

To: Eddie Kim who wrote (23419)	3/26/1998 2:31:00 AM
From: pt	Respond to of 97611

Options split like stock if the split is 2-1, 3-1, etc. But CPQ had a 5-2 split last July. Options don't split on 3-2, 5-2, etc. stock splits. So two contracts for pre-July shares control 500 shares of post-July stock--250 shares per contract. Those options would have split 2-1 in January along with the stock. So if you bought 1 Leap last July before the split, you would now have two Leaps, controlling 500 shares total. Most of the other pre-July contracts should be history by now, but if you go to tradepbs.com and put in CPQ and click "options" you will see there are some TWM series options still listed for April--without bid/ask or open interest numbers, though. I haven't investigated to determine whether you can create new positions in those contracts, however. Hope this helps. Paul