When I looked where all the stock splits are listed, it said BD's split was optionable. Could someone explain what that means and how it works. Try to be explicit, I'm not very savvy regarding the market. Thanks in advance.
Dear Jimmy: I think what you read said the BDX stock (not split) is optionable. What that means is that there are listed options on BDX Stock. The options on this stock are listed on the Philadelphia Stock Exchange. These options are calls and puts. I don't know if you understand options, but I trade the options on BDX almost every day, and they are a great way to hedge your stock position, or to play BDX stock when you only have a limited amount of money to work with. If you need to learn about options, take a look at "Options as a Strategic Investment" by Larry MacMillan. It is the best and most easy to understand book I have ever read on the subject of options. You can probably find a copy of it at your local library. Good Luck. JM