…when have you ever seen a strike price with that many decimal points?
(Actually, strike prices are never shown in decimal points, although that is an initiative slated to be achieved by late 2009.)
Because option contracts are rounded to the nearest eighth, this explains why the options at the $50 strike became 33-3/8 and the calls at the $25 strike became 16-5/8, etc.
Looking for the Next Great Split
It's not uncommon for stocks to split every few years.
For example, YUM! Brands (YUM), parent company of fast food emporiums like KFC, Taco Bell and Pizza Hut just to name a few—had two splits in a five-year period.
So is there a proven way if a stock split is on the horizon? Not unless you're on the board of the company.
That's because it's up to a company's leadership to decide whether a split is warranted; otherwise, there are no set rules about when or if a split will take place.
Schizophrenic—there's no other word for the market this year. Up and down and all-around—like a stomach-churning roller-coaster ride that never ends! And still, you realize that you've got to be in the game, in some form, if you want to reach your financial goals. At ChangeWave Options Trader, we track what the "smart money" is doing with my proprietary HeatSeeker technology…and trade right alongside for some very nice, and fast, profits! Click here to try Options Trader risk-free for 90 days!