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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (41399)12/29/1998 9:23:00 PM
From: Tommaso  Respond to of 132070
 
Well, you can sell the put any time, setting a limit just like a stock; hardly anyone actually exercises these things. They are artificial speculative instruments. But legally they can be exercised.

For major stock splits the price is adjusted or, in my case, I may well be given two contracts with a strike price of half the original, if Amazon splits. For dividends and smaller stock dividends (like 10%) usually no adjustment is made. I did check this after reading that AMZN maysplit soon again.

Or so I think. Anyone is welcome to correct me.



To: Ilaine who wrote (41399)12/30/1998 5:31:00 AM
From: accountclosed  Read Replies (1) | Respond to of 132070
 
coby, the option itself is a security. notice that tomasso is talking about the bid and the ask of his option at the close being different than when he bought it. it is quoted very much like a stock is. so he can sell it, like he can sell a stock. and that is what happens with most options that are profitable: they are sold rather than exercised.


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