september call options, page-13

Ted

I was interested to know myself as I trade in the options space alot,,but never long dated,,,I have just been sent a notice that their will be an eto adjustment for lgl options,,,,,,,,makes sense i suppose ,,,,basically options will be changed to one eighth contract size and switched over to ncm,s....again hopefully your broker provided you this info,,,


On a side note,,,lgl result was a miss after hoods big payout and Macquarie costs,,,,,,,,,,which was normal but not explained on newswires Friday,,,,,,,,also current CEO hunt resigned today and took a nice bonus for his time doing nothing and according to the notice this morning sold every single share vested to him for the project,,,,,nice gig for some

As for those short the physical stock in lgl,,I am told they will have to cover today.....

Have a good one,,,see you on the ncm thread and register..