The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: DO$Kapital who wrote (59704)	9/14/1999 10:41:00 PM
From: R.E.B.	of 90042

I'm talking about holding an in-the-money open Call option after it expires, Stock price $21... call exercise price $20. Guess what, if you don't instruct them, your option will get exercised for $20 and then you will owe the money and you will be long the shares. You will have to sell on monday to either pay for the stock you just bought (exercised on Sat) or to get your money back if they took it out of your account.

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