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Strategies & Market Trends : Options

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To: Jill who wrote (5237)3/19/2000 11:32:00 AM
From: melinda abplanalp  Read Replies (1) of 8096
 
Hi thread members...

I am just beginning my study of the wonderful world of options. Bought the Option Advisor by
Bernie Schaeffer. I am studying, high lighting, underlining...reading again and again. I have the most basic question still.
If you have exceeded the strike price before the experation date how do you get paid. Do you have to then buy the underlying stock or do they just send you a check? I know this sounds dumb but I can't find it in my book to save my soul.
I hope to be participating here but I have much to learn in the mean time.

Thanks in advance!!!

Mel
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