How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (7310)	4/17/1998 6:26:00 PM
From: FruJu	Read Replies (3) of 14162

Here's an option-trading question from a newbie. I bought protective puts on one of my stocks, and they expired today in the money. (Actually, I tried to close the position but couldn't before the close of market). Is it normal to have these automatically exercised, or do I need to explicitly inform my broker to do so? What's the time limit (I know it's usually by the Monday following expirations )?

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