I had 30 CPNO aug '13 calls.......today it lost another $270 when KMP was up.....figure that one out. E-trade says it was converted into 45sh per contract rather than the usual 100. It was easier solving triple integrals than this snake-in-the-grass mathematics. ....anyway, whats with the rounding down to 45? ...wasn't the conversion 45.6? I started reading the explanation of why the class action was put on hold but the legal terms started a riot among my neurons.
I guess the shares at Schwab are OK but the dividend sucks too. I bet the CPNO execs aren't taking any hit like this.....they've probly already booked flights to the resort. Oh, and on the options......Last Trade = $0.00.............nice.