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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: EPS who wrote (25047)1/19/1999 4:34:00 PM
From: LB11  Read Replies (1) of 42771
 
Does anyone know the when they clear options calls. If the options I sold expired Sat. and the stock still exists in my account today, does this mean that they were not exercised, or do the market makers go through on the following business day and find any values and steel them away claiming that they were called out but just not recorded until 2 business days latter? What would happen if I sold those shares today that secured the calls?

If I still have the shares in my account the next business day after the expiring date of calls, do I still own the shares clear of any call options debit?

What is the normal way these are handled?

LL
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