WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 163.55

+2.2%

3:59 PM EST

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To: NHP who wrote (5685)	5/12/1999 11:44:00 AM
From: Art Bechhoefer	Read Replies (2) of 60323

I have never heard of options that are in the money NOT being exercised. If a broker fails to deliver the shares at the exercise price automatically, the broker could be held legally accountable for breach of contract, not to mention violation of rules on option trading. While options trading can be risky, it can also be used as a CONSERVATIVE strategy for locking in profits (e.g., sale of covered calls). The important thing to consider, whether you use a full service or discount or online broker, is whether the price you get when you buy or sell is a good price. I happen to use a full service broker, and while the commissions are higher, I've been getting the kind of executions I never dreamed of before. Because SNDK options are rather lightly traded, as options go, getting a good price is essential in order to prevent losing your shirt.

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