Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: EPS who wrote (21955)	5/12/1998 5:06:00 PM
From: Ben Antanaitis	Read Replies (2) of 42771

Victor, RE: Max-Pain... It all comes down to what happens on Friday. And you do realize that if you held the May'98 10 Calls and today was Friday at 5PM... you would get a call from your broker to deliver the cash to cover the purchase of the stocks @$10/share+commission because the options would have been automatically exercised since they have a value of >= $.50? And you would have until Monday morning to have the cash in your account, since this was an options transaction and it is 'settle the next trading day' rules. Ben A. pipeline.com

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