I was given an opportunity to "excersise" some stock options with my company. I have never really dabbled with stock in the past, so I am a little new to this.
The basics: I have 110 options that were granted at a price of $63.11 with the grant date back in Feb 2007. The current price of the stock is $45.26 as of the close of the day yesterday.
To me, it seems like I shouldn't proceed with the options as they are down 33% from what they would cost me.
Would that be correct? I am just making some assumptions here, but really don't know if I am understanding it correctly. I don't see the stock jumping back up to $63 any time soon.
Any help woudl be appreciated.
