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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Robert Graham who wrote (2631)7/17/1997 3:54:00 AM
From: EMorrison   of 42787
 
Bob,

When a person buys a call option which rises in value to $20 in the money.
When wanting to close out his position must he exercise that option and then
sell the stock? Or can he just sell the option & collect his profits? If he can,
will the brokerage charge a fee for doing this? Will the brokerage have to exercise
the option and sell the stock or do they just sell the option?

I appreciate your help with this
Ed
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