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Politics : Formerly About Applied Materials
AMAT 252.25+0.9%Nov 28 9:30 AM EST

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To: Tito L. Nisperos Jr. who wrote (13310)12/14/1997 11:36:00 PM
From: Lee Penick  Read Replies (1) of 70976
 
Hi guys,

Believe that if the option still has "time value" left in it, it is more profitable to sell the option then use the proceeds to buy the stock. If you just exercise the option, the time value is lost.

This assumes the time value exceeds the extra commission incured by selling the option and then buying the stock.

good luck and keep us informed of what works best!

Lee
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