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Technology Stocks : WDC/Sandisk Corporation
WDC 163.61+2.2%Nov 6 3:59 PM EST
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To: NHP who wrote (5685)5/13/1999 1:26:00 AM
From: Craig Freeman  Read Replies (1) of 60323
 
NHP, be glad you aren't with Fidelity*. If you do nothing with an in-the-money-call they first exercise it and then automatically sell the shares at the open on Monday! Not to mention that they charge you undiscounted, broker-assisted commissions twice.

99.5%+ of all options are never exercised. It's usually a better deal to close the options prior to expiration for a small premium and simultaneously buy the shares outright.

Craig

* In my experience, Fidelity Brokerage provides excellent service and execution. Just be sure that you read your brokerage agreement thoroughly as some of its provisions are counter-intuitive.
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