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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Dwight E. Karlsen who wrote (45957)	6/15/1998 10:32:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 58727

yeah NT is down big today but bay did trade up I think the person was kind of hoping it worked something like a dividend deal if you hold it on a certain date etc etc etc... but since I have no knowledge of this kind of thing I thought I would ask cant be bothered to trade stocks dont you know ;-)))) btw, now... if you think I am a raven haired vixen...perhaps you still havent seen the right picture... and I never tell when it is me and when it isnt ;-)!!!! globex is not cooperating with me tonight hong kong up 2% and no I am not on the left coast....I am just a midwest country gal...

To: Dwight E. Karlsen who wrote (45957)	6/16/1998 12:08:00 PM
From: broken_cookie	Read Replies (2) \| Respond to of 58727

Hi Dwight, From here on, NT and Bay will trade in tandem, or close to the .6 exchange ratio. Exactly. Here's a tougher one for you. What happens to the holders of the derivatives? I have some 1-99 35C placeholder LEAPs in BAY. I asked my broker and he checked with the firms derivative "expert" who told me that I owned 60 shares per contract instead of 100. Great I said, but at what strike? He called the "expert" again and he said "at the same strike". So I own 35 strike calls in NT. FANTASTIC. I had an option 2-3 point out of the money change into one 20 points in the money. Oh, if only it were true. To top it off, NT doesn't have LEAPs or January 99 options. So, if you, or anyone else knows what the heck is going on, please post. I almost put off topic on top of this post as it is about some tech stock options.