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Technology Stocks : Intel Corporation (INTC)
INTC 51.09+5.9%1:52 PM EST
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To: cellhigh who wrote (35854)10/15/1997 8:17:00 AM
From: w0z   of 186894
 
You have two alternatives:

1. Sell the options on the open market prior to their expiration date (3/14/98).

2. Exercise the options and convert them into an equivalent number of common shares by paying your broker the exercise price prior to the expiration date.(I think this was ~$42 pre-split so probably ~$21 now...check with your broker for the exact number).

Consider the tax implications. If you hold the options less than 12 or 18 months, you may want to exercise them rather than selling them to extend your holding period to meet capital gains requirements.

If you do nothing, most brokers will sell the options for you just prior to their expiration, assuming they are worth more than 1/8 (I'm not trying to be funny...that's the rule most firms follow!)
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