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Technology Stocks : All About Sun Microsystems

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To: Ben Antanaitis who wrote (9186)	4/18/1998 9:23:00 PM
From: Bald Eagle	Read Replies (1) of 64865

<<http://www.pipeline.com/~ez-pnf>> Well, I guess the theory of maximum pain was wrong this month for SUNW. Will April 40 calls automatically be exercised or is the price close enough to 40 that some won't get exercised? If SUNW gapped down a little on Monday morning, then the holders of calls would lose money if they execute them. I've heard that a price difference of 3/4 means automatic execution, but below that and it doesn't necessarily happen. Anyone know? I guess I'll find out Monday when they come to get my SUNW shares or not. Either way I made some money and live to fight another day :-))

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