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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: FaultLine who started this subject10/19/2001 5:24:43 PM
From: DiB  Read Replies (2) of 5205
 
Being a qualified options dummy, I have a theoretical question:

Let's say I have a call that is in the money on expiration Friday.
What would happen if I don't sell it? Will it automatically be exercised, so 100 shares will be bought with "available cash to purchase securities"? What is the timeline of the whole process?

Thanks for the help.
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