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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001600.0%Jan 16 9:30 AM EST

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To: JB who wrote (39315)2/14/2000 10:03:00 PM
From: Alski  Read Replies (1) of 45548
 
JB
No, COMS won't be holding PALM shares to cover leap calls, unless they sold the leaps in the first place. A call option is a contract to deliver some property at a fixed price on (or before) some future date. Whoever writes (sells) any call option is contractually obliged to deliver that property if called. If they don't have it to deliver then they have to acquire it on the open market.
Alski
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