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John:
If the option is traded at CBOE, I suggest you go to the CBOE website
(www.cboe.com) and look under the research bulletin section (I believe is
what it's called). There you should find a report detailing what will
happen with this stock's options. If that doesn't work, call your broker.
Generally, from past experience, I believe you will find that your strikes
will be changed by 25% and you're going to end up with 25% more stock.
Good trading,
Gregg Murray
>From my experience,
At 06:00 PM 4/22/98 -0500, John E. Hernandez wrote:
>I own stock and options in ORG. A 25% stock dividend would be given to
>holders of record as of today and paid on the 29th of this month. What does
>this mean if I sold out my positions before the 29th including the options
>
>Thanks
>
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