Options for Newbies -(Help Me Obi-Wan-Kenobe) Message Board

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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)

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To: Jon Tara who wrote (1483)	7/3/1999 9:27:00 AM
From: RealTime	Read Replies (1) of 2241

Hey arn't you the dude from the ZULU board? Another question. If I were to exercise the option, what price would I be paying for the share? i.e. let's say the stock were trading for 4.25 the thursday before the expiration friday. I decide to exercise my 5 dollar options that day. Would they be charging me the last traded value ( in this case 4.25) for the 30 contracts I own? Thus I would need to fork out 12,750 for the 30 contracts? Or would I pay the last traded value for the option contract? or is it the bid, or ask price? Thanks, Dan

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