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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Steve Fancy who wrote (21296)3/20/1998 10:00:00 PM
From: Ally  Read Replies (2) of 42771
 
hi Steve,

>>The clearing house (OCC) will automatically assign options with 3/4 point or more intrinsic value at expiration. Any option not cashed out with less than 3/4 point value at expiration, just dies I
believe, the buyer just put the money in the toilet<<.

..mmm... I had always thought that there is a break-even point.. however, 3/4 seems plenty. Wouldn't it be more like 1/4 ? Just a guess.

p.s After posting above, I read your subsequent post. 3/4 still sounds too much.

d.
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