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Technology Stocks : PairGain Technologies

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To: joe smith who wrote (20259)	2/5/1998 10:21:00 PM
From: Eugene M O'Donnell	Read Replies (1) of 36349

Joe, 1. You will probably not get hit until the expiration date. It is easier to trade options than to exercise them. 2. Theoretically, option contracts sold in the US can be exercised at any time, but practically they get used on the 'last day'. this is the reason 80% expire worthless. It is like insurance, it is only worth something when you actually need it! 3. If you sold calls, you must sell at the strike price, and pay commission (ouch!). If you sold them naked, this could really hurt, since you have to buy the share (with commission and split) and then sell them (same story). If they were covered calls, there is only the one-way hit on the commission bid/ask, so it only hurts half as much! Live and learn! GENE BTW Fine technical trend upwards due to the nice move thru the 50 day MA on hot 3.5M volume today for the TA types!

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