Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.56

+10.2%

Nov 28 9:30 AM EST

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To: Amit Patel who wrote (56058)	5/25/1998 8:48:00 AM
From: Ben Antanaitis	Read Replies (1) of 186894

Amit, However, if you are called, you don't necessarily have to give your stock up. You can roll it over to a farther date... I'm not sure where you heard this, but the CBOE web site has the 'rules' for trading stock and index options. the following is copied from their 'Risks for Option Writers': An assigned writer may not receive notice of the assignment until one or more days after the assignment has been made by OCC. Once an exercise has been assigned to a writer, the writer may no longer close out the assigned position in a closing purchase transaction, whether or not he has received notice of the assignment. As you can see, once the 'word' been given, you are pinned. You must deliver the stocks. Ben A.

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