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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (24902)10/5/1998 10:30:00 PM
From: Fortinwit  Read Replies (2) | Respond to of 70976
 
MrGreenJeans:

Here's a question about LEAPS I haven't found an answer to yet:
Suppose I go long some AMAT 2001 30 calls. Some terrible quarters come along and AMAT common goes down to say $15. GE steps up to the plate in 2000 and buys AMAt lock-stock-and-barrel for $25. What happens to my LEAPS? Does it matter how GE paid for AMAT?

I'm not by any means suggesting this is a possibility...

F.



To: MrGreenJeans who wrote (24902)10/6/1998 9:09:00 AM
From: Berk  Respond to of 70976
 
Yes, these differences exist as they exist for normal options of different expirations, i.e. a call that expires this October versus one that expires next June. However within the context of Jacob's specific questions the differences are minor.


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