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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)
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To: RoseCampion who wrote (2029)1/10/2001 8:31:49 AM
From: Robert V. Cavaleri  Read Replies (1) of 2241
 
Thanks Rose. Let me ask another question then, I know that if the price does not rise to the strike, you get to keep the credit, but if it does rise to the strike, at what point do your shares get sold at the strike, and you see the resulting balance in your account? Does it happen instantaneously, or the next day? A few days? I am curious because if say the price rises to 15 on the day of expiration, and your shares don't dissapear, can you then sell them, or does that leave you in a naked position? At what point would you know that you weren't called out, even though the price is at or in the money on the day of expiration?

Thanks
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