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Technology Stocks : Ascend Communications (ASND)
ASND 218.14+0.7%2:01 PM EST

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To: Glenn D. Rudolph who wrote (30858)1/17/1998 2:36:00 PM
From: Sowbug  Read Replies (1) of 61433
 
Feel free to correct me but I believe that automatic rule is on the CBOE page. I do not believe it is clearinghouse specific.

Ameritrade says it may, in its discretion, automatically exercise an option if it's 3/4 of a point in the money. I'm not sure whether that's a more general rule than just calling away stock from a writer of a covered call. Or maybe it's totally inapplicable.
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