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Strategies & Market Trends : From the Trading Desk

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To: AlienTech who wrote (2885)	4/20/1998 7:24:00 PM
From: Spots	Read Replies (1) of 4969

AT, there's SUPPOSED to be an automatic execuation for any option that's expiring more than a small amount (I think 1/4) in the money. BUT I wouldn't trust ETrade, especially if they "don't know." Actually I believe the auto execution is supposed to be done by the exchange, but that's a vague memory of mine. I'd recommend that you call ETrade and insist on obtaining the auto-execution, and if it didn't/doesn't happen they should make you whole on it. An expired option is worthless; there's no such thing as in the money after expiration. It's scary that ETrade "doesn't know."

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