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To: TigerPaw who wrote (133321)6/17/1999 9:08:00 PM
From: Morgan Drake  Respond to of 176387
 
No. The options will be exercised automatically if they're in the money by $.25/share at time of expiration. If I sell the options now, I have a 45% short term cap gains tax to pay. If I exercise and hold for more than a year, it's half that.

But as long as the options are unexercised, they have no further margin power like stock would if it went to 150 or more in the interim.

Morgan


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