It's your option. Actually, I already have a couple of them in play. PHLY I just sold and made a little over $3K on, it was a 3-for-1.
Right now I have CI that was bought on 4/27 for $154.01 -- didn't get the options as it was in my 401K account; however, you can check the date and the option amount to see it is indeed a good play and it hasn't split yet. My problem with getting the options at the time, was all the amount in the options account was already allocated.
FMX is the latest and that's only gained $.25 on the options. However, the bigger play comes right after the 3-for-1 split occurs.
Your idea of paper trading the splits is an excellent way to go when not sure of a new strategy.
Lately, I've mentioned a whole slew of splits. Even now they can be traced as the splits haven't occurred.
Unfortunately, I can't do it today as the wife and I are going down to Atlantic City for a spell. With my next few suggestions I'll give a little more detail for the splits and see how it goes.
Take care and have a great day and fabulous week end.
G' day Mate,
Aussie
Australia is a beautiful place with wonderful people that just love Americans. You've got to go there some day. Give it a go Mate.