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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Morgan Drake who wrote (40727)	6/17/1999 10:42:00 PM
From: Skeet Shipman	Read Replies (1) \| Respond to of 94695

Hi Drake, American options are not exercisable until the expiration date. If you want out of your position in Qualcomm you will have to sell the calls. If you want to keep your position in Qualcomm then just keep the calls through expiration. Skeet

To: Morgan Drake who wrote (40727)	6/18/1999 6:39:00 AM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

Morgan, I am not sure Skeet is right... I thought it was European options that were not exercisable until expiration... but I never excercise - just sell. A couple of suggestions, though I do not know how helpful they will be fore you now... - work out stuff like this in advance BEFORE trying to do anything... that way, nobody gets surprised; - if you are not satisfied with your broker, move; - I think I would close all my positions and go long puts for the ride down??? BWDIK? Good luck, Morgan! Bill