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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Rich Young who wrote (21387)3/24/1998 11:21:00 AM
From: Ally  Read Replies (2) of 42771
 
Hello Rick,

Thanks for sharing your experience in the timing for exercising in-the-money option.

Which makes me think a bit further... I wonder what happens if the call option is deep in the money (say $2) and the holder forgets to call the broker to exercise the option to buy the stock. Would the option also expire worthless? Mmmm interesting. Maybe there is a lucrative arbitrage business somewhere that looks after the people who forget such things for a cut.

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