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To: Tim Cruise who wrote (99786)	2/15/1999 7:30:00 PM
From: Mark Peterson CPA	Respond to of 176387

Absolutely. You've figured it out. When the stock splits, the option strikes also split. The amount of contracts you've bought or sold are also adjusted by the split amount (i.e. 2 for 1, 3 for 2, etc. )Great job. Best regards, Mark A. Peterson

To: Tim Cruise who wrote (99786)	2/15/1999 8:04:00 PM
From: Sig	Respond to of 176387

Tim: Re splits There are rare cases where an uneven split ( 3/2,5/2, etc) results in only one option comprising more than 100 shares and that fact is not apparent on the CBOE tables which will list the price of 100 shares. CPQ and ORCL both were affected, where 1 cpq option=250 shares, 1 orcl=150 shares. Even the broker has trouble with this, but he will not fail to charge you for the extra 50 or 150 shares (Hehe) What makes it even more confusing is that the continuing new options available after a spit will be for 100 shares. You can luck out with this. I bgt one Cpq option and ended up making money on 250 shs rather than only the 100 I expected(G) Sig