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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: BDR who wrote (1811)8/6/2001 4:29:19 PM
From: Dan Duchardt  Read Replies (1) of 5205
 
For stock options, this date is the Saturday immediately following the third Friday of the expiration month; however, brokerage firms may set an earlier deadline for notification of an option buyer's intention to exercise.

You might want to keep this in mind when deciding whether to buy back calls you have written, or let them expire worthless. I have talked to people who left open short calls into Friday evening only to find out on Monday they were assigned after some late day news ran the stock up after hours. It may be too late for you to call your broker after hours, and it is too late to buy them back, but it is not too late for the calls to be assigned.

Dan
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