[TheOptionClub.com] Long Term Options VZ

 

Hello Group,
I have a question, A relative of mine recieved a long term 10 year call option from verizon in 2000 with a strike price of $41.00. I looked at the VZ chart and seen that strike was hit in 2008 now it's trading at $31.00 my relative still holds that option. My question is can that option be cashed out of now and at what price since it hit that strike two years ago? Thankyou Group.

Ron,

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