what happens to my call options if the company announced that it would be moving to the NYSE from the AMEX?

uttamd2001: what happens to my call options if the company announced that it would be moving to the NYSE from the AMEX?
If I own call options on a company that expire in July 2007 and the company announced that it will move its stock listing from the American Stock Exchange to the NYSE in December 2006 what happens to the options that I own? Do they just transfer over? Are new options written that render mine useless or make them illiquid? Thanks very much for your help.

Answers and Views:

Answer by morlock825
It will have no effect on your options. Even if it could, your brokerage firm will automatically make the necessary adjustments. (it’s called re-org in brokerspeak)

Answer by Papa Burgundy
I work for a Securities Trading Firm and AS FAR AS I AM AWARE in a vast majority of circumstances: Your call options will transfer over, and they should not become useless or liquid. This should be a very seamless transformation and I doubt that you will see any any negative difference at all. These are two highly professional and organized entities with trillion dollars to account for. I can assure you that they have the best interest of the investors at heart, and very highly doubt that they would allow your call options to be jeopardized by this merger.