he exchanges require customers to exercise their listed equity option positions with member firms no later than:

  1. 2:30 p.m. Eastern Time on the business day prior to the expiration date of the option
  2. 3:30 p.m. Eastern Time on the business day prior to the expiration date of the option
  3. 4:30 p.m. Eastern Time on the business day prior to the expiration date of the option
  4. 5:30 p.m. Eastern Time on the business day prior to the expiration date of the option

A customer owns an Eastman Kodak October 50 listed call option. Eastman Kodak has declared a $1.00 cash dividend. When Eastman Kodak sells ex-dividend, which of the following will reflect the price and the number of shares of the Eastman Kodak October 50 option?


--------Strike
--------Price

Number
of Shares

  1. $49--------100
  2. $50--------95
  3. $50--------100
  4. $50--------105
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16. Options Markets and Accounts

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Created: 2013-06-15
Updated: 2013-06-15
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