I was thinking about buying some $100 MO call options for 2008. There is talk about Altria splitting into 3 different companies...My question is what will happen to the options?
a search for "spin-off" in http://theocc.com/market/infomemos/info_memos_form.jsp will give some examples of what *might* happen. http://www.optionsclearing.com/market/infomemos/2006/jan/21332.pdf gives an overall description of the current adjustment methods. good luck, it'll make your head spin!