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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Tommaso who wrote (72568)10/3/2006 11:32:45 AM
From: Q8  Read Replies (2) of 206323
 
For example, an October 25 call will be automatically exercised if the underlying security's closing price is $25.05 or greater at expiration.

In this hypothetical illustration, you would need to notify your broker ONLY if:

An underlying security's closing price is below $25.05 and you want to exercise the call option.

The underlying security's closing price is $25.05 or greater at expiration and you do not want to exercise the call option.

Do-not-exercise instructions can be accepted only on the last day of trading of that options' duration
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