SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pater tenebrarum who wrote (81478)12/29/1999 11:09:00 AM
From: IceShark  Read Replies (1) of 86076
 
I think most decent brokers will sell the ITM at expiration if it is worth about 3/16, or so - enough to cover commissions. Otherwise it would exercise, no? I had this problem with some poots in my IRA account, where you can't go short by law. I couldn't get through to the rummy broker to sell the options and was afraid they would short the shares and I would be slapped with a premature distribution and the associated tax penalties. Turns out they sold off the contracts at the close.

I see there is no stopping this market. Tip's market call was wrong, as usual. -g-
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News