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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Paul Fiondella who wrote (21292)3/20/1998 4:12:00 PM
From: Spartex  Read Replies (2) of 42771
 
Paul:

Unless I don't understand the exact science/process of options. Those calls (9280 contracts, or 928,000 shares) that do expire for March 10 with a bid of "0" go back to the original owner who wrote out the calls in the rich 1/2+ range, right? In other words, they get their shares back plus the premium they made on selling the calls earlier.

If I'm incorrect anyone (Ben A.) I'd appreciate a better or more correct answer.

Regards,

Quad-K
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