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Strategies & Market Trends : Tech Stock Options

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To: Taby who wrote (58567)	1/23/2000 1:32:00 PM
From: Lee Lichterman III	Read Replies (1) of 58727

It depends on your broker and your agreement. Most will NOT exercise the option unless you tell them to. If your broker is good and takes care of you, then he will exercise it and you will buy the underlying stock. I am assuming it is a stock option and not an index option. If it is an index option, then you just get the money deposited in your account. My broker expects a call as to if I want to exercise it or not by Friday's close so you better get on teh phone and find out!!! Each broker is different but if you read the CBOE site, nothing is automatic. You should tell them you want it exercised or you "COULD" be out of luck. Good Luck, Lee

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