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Technology Stocks : Dell Technologies Inc.

DELL 130.23

-2.2%

12:17 PM EST

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To: Rosemary who wrote (23774)	12/1/1997 5:11:00 PM
From: jbn3	Read Replies (1) of 176387

Rosemary, No, it is not automatic. In fact, if DELL's price at expiration is exactly 90, they expire worthless. If DELL's price is considerably more than 90, then the holder of the call is certainly going to exercise the option or sell it to someone who will. If DELL's price is only marginally higher than 90, then it may not be called away, for instance, if brokerage fees would exceed the profit generated. For a more detailed and accurate analysis, ask steve, our resident option expert. (Perhaps we should suggest that Hank's bar-b-que chain offer a new specialty: Bar-b-qued Bear Short Ribs!) 3.

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