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Strategies & Market Trends : The Options Box

QQQ 631.13

+0.9%

Jan 27 4:00 PM EST

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To: Jeff Jordan who wrote (10471)	4/18/2001 5:09:44 PM
From: Wayners	Read Replies (2) of 10876

Oh now that is very interesting. They give you the old margin call. And if you don't meet the call, they liquidate the stock position from the exercise for you--probably at the worst price sometime in during the week after the expiration of the options. I also suppose its not a maintenance call either. Its probably a Reg. T call for failing to put up 50% of the value of the stock upon purchase so if you don't meet the Reg. T call I bet they close your account too. Failing to meet a Reg. T call is essentially breaking the law, unlike the maintenance call.

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