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To: JHR who wrote (2299)8/31/1998 1:50:00 AM
From: waverider  Respond to of 14427
 
Depends. I had CSCO leaps once when it split 3:2. The leap price did nothing, but when you had one leap you really had 1.5 leaps. It was weird. You wouldn't know it by looking at the options list. For example some hapless buyer would ask for 10 contracts, but actually buy options on 1500 shares. So if the quote was $15 for 10 leaps, you would think that would cost $15000 right? Wrong. It cost $22500. Must have drove people nuts.

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