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Technology Stocks : Identix (IDNX)
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To: Rob C. who wrote (4228)10/17/1997 6:34:00 PM
From: brad greene   of 26039
 
So Rob......Wendell,

The guys who have the Oct. 10s.......What do they do now?

If they know that the stock is going to open up on Monday...do they excercise the option, call the stock and keep it......or sell it at what should be a higher price than the Bid on the option now?

bg

ps. And just to help me understand....What if the stock opens 2 points higher?......Who gets hosed?....(on the options)..(can the decision to call the stock away be made on Monday?)..I know the shorts would.....Don't all contracts that are in the money get exercised by someone.....except ones that are used to cover a put? Do the guys who write them just buy them back?........Do you think it would be wise for Oct 10 holders to call away the shares? Do you think some will?
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