WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 180.74

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2:14 PM EST

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To: Art Bechhoefer who wrote (5686)	5/12/1999 12:25:00 PM
From: NHP	Read Replies (1) of 60323

Hi Art, I agree that "I have never heard of options that are in the money NOT being exercised". But, I was looking at the worst case. The option agreement I signed with my discount broker read: "If I do not give [broker] instructions to exercise a valuable option by the appropriate time and the right to exercise expires, I hereby agree to release [broker], its respective officers, employees, agents and affiliates from any and all claims of damage or loss". The AE with whom I was dealing argued that "I have been working for [broker] for 20 years and have not seen one case of in-the-money options not being exercised". There was enough money involved with my options that I wanted to be protected for the worst case, so maybe I am super cautious! I thank you for your response to my original posting on this subject. NHP

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