Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: Glenn D. Rudolph who wrote (28405)	12/20/1997 12:58:00 PM
From: john dodson	Read Replies (1) of 61433

However, an option will autmatically be exercised if it is more than 1/4 point in the money or likely will be. Are you sure about this? Maybe this is policy for your particular broker. I don't think this is standard with options. Course I've never let one expire that was at least 1/4 in the money. But this doesn't sound right. What if you don't want to exercise and lay out all the cash? Thx, John Dodson

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