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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: BDR who wrote (594)5/16/2001 3:31:30 PM
From: Uncle Frank  Read Replies (3) of 5205
 
>> But if you find out after the markets close that your calls have been exercised it will be too late to do anything about it.

But isn't that the only way you find out - after the market closes? My understanding is that options that are exercised early (usually only happens in the case where they are deep in the money and time premium is negligible) are sent to the cboe, who assigns them by lottery after the market has closed for the day.

StockHawk - I think you should call your broker immediately and find out how they handle it.

uf
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