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Liberty Interactive Corporation Message Board

  • chriscoonfield chriscoonfield Oct 12, 2006 12:00 PM Flag

    Liberty options

    Quick question.

    I bought 10 Jan '08 calls @ $7.50 (+YAJAU) on the old Liberty Media (L) a few months ago. No big deal, paid $2/contract, now worth $2.60.

    Now, of course, the company has reorganized into LINTA and LCAPA. Ameritrade says each contract represents 5 shares of LCAPA and 25 shares of LINTA. Seems straightforward enough, but I am confused.

    Am I right in thinking that, if I hold these options until expiration, then I will get the right to buy 50 shares LCAPA and 250 shares of LINTA? If so, at what price?

    Sorry if this is strange or easy question but I am quite confused. Thanks much.

 
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