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Stock Options Question

Peter PrinciplePeter Principle Registered User regular
edited November 2007 in Help / Advice Forum
I got some stock options granted when the company I work for was doing a better on wallstreet. Right now the exercise price for these options is >> than the current price. Is there something that can be done about this?

"A man is likely to mind his own business when it is worth minding. When it is not, he takes his mind off his own meaningless affairs by minding other people's business." - Eric Hoffer, _The True Believer_
Peter Principle on

Posts

  • StarcrossStarcross Registered User regular
    edited November 2007
    Am i right in thinking that these options are American options (can be exercised at any time up until the expiry date)?

    Starcross on
  • Peter PrinciplePeter Principle Registered User regular
    edited November 2007
    Correct.

    Peter Principle on
    "A man is likely to mind his own business when it is worth minding. When it is not, he takes his mind off his own meaningless affairs by minding other people's business." - Eric Hoffer, _The True Believer_
  • localh77localh77 Registered User regular
    edited November 2007
    Peter Principle wrote: »
    Is there something that can be done about this?

    Unfortunately, no. The only thing you can do is wait.

    localh77 on
  • ThanatosThanatos Registered User regular
    edited November 2007
    You can still sell the options. You probably won't get much, but there might be someone out there willing to gamble that the price is going to go up substantially before the expiration date. Other than that, you can work really hard, and make your company's stock price go up. :P

    Thanatos on
  • shutzshutz Registered User regular
    edited November 2007
    The other comments are good, but there's one thing you haven't answered: from what you know from working there, do you anticipate the price going down some more, staying stable, or moving back up?
    Also, if you have good reason to believe that the stock is going to go up very soon, PM me, I'd like to know where you work so I can, uh, invest. But don't tell anybody you told me.

    shutz on
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