RAIT Financial Trust (fka RASFQ)

[Stock]

ok, I called.

The 3s, 4s, 5s and 6s are all out of the money

you have to treat them as if the stock didn't split.

so, basically, you have to have a 9.01 underlying to be in the money with the 3s

the 2s are in the money at 6.01 underlying.

this still makes my head hurt.

SO for my October 3s to be worth anything, I have to see a 9.01 price before October. They show 20 cents of time value, but the advanced options desk says that data will be adjusted out.