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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: alanballow who wrote (4570)11/18/2006 11:44:02 AM
From: Uncle Frank   of 5205
 
>> I sold GSF Nov52.50 calls that expire today. They're over $2 in the money and still show in my account. Other calls that expired ITM were exercised. Was I just lucky or can they be exercised anytime today?

You can't get lucky, Alan. If the underlying shares closed above the strike price, the option will be automatically exercised. The timing of posting that information in your account is a broker specific matter. The last few times I was called, it took Fidelity until Monday morning to post the information.

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