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[quote=Anonymous][quote=Anonymous]Do stock splits matter in the days of fractional ownership? I purchased about a third of a share (and lost about 25% of the value). I wasn’t stopped by the high price of a single share. [/quote] If you want to write covered calls, you need at least 100 shares because an option contracts is for 100 shares. A lot of people write covered calls for income while they wait for the stock to appreciate. The split will make it much more affordable to own 100 shares. This strategy doesn’t work with fractional shares. [/quote]
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