Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83 based; site houxf.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxl!houxm!houxf!glass From: glass@houxf.UUCP (K.GLASS) Newsgroups: net.invest Subject: Gulf Oil and Options Message-ID: <670@houxf.UUCP> Date: Wed, 21-Mar-84 11:52:36 EST Article-I.D.: houxf.670 Posted: Wed Mar 21 11:52:36 1984 Date-Received: Thu, 22-Mar-84 00:33:45 EST Organization: AT&T Bell Labs, Holmdel NJ Lines: 16 I am wondering about the future of Gulf options following a succesful buyout by Socal. (I guess this can be generalized to any options written on a firm that is bought out before the excersize price). If I own July calls for Gulf, and they are bought out by Socal in April, what happens to my options? Are they transferred somehow to Socal options? If so, at what premium and strike price? Are they somehow executed immediately? I would appreciate receiving any informed answers. Thanks Ken Glass houxf!glass