Stock Options

[redguru]

Just got a letter from Mellon, showing my Eastman Kodak Stock options. Don't know how to read this, so thought I'd let one of you look at it. I've never bothered with my Kodak options because I was granted them at $53.94/Share. Before we were allowed to exercise the option, Kodak tanked.

The way I read it is I have to exercise the optioned shares at $53.94. But I have till 2010 to do so. So if Kodak creeps above that, I can option it and dump it for a profit, otherwise it is worthless.

http://xs67.xs.to/pics/06062/StockOptions.jpg

 

[spongebob]

in some instances your required to hang on to the stocks for certain period of time i think. yea, i look at indsiders trading on stocks to see whats up, you see them turning nice profits all the time.