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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (1611)8/20/1999 7:36:00 PM
From: RoseCampion  Read Replies (2) | Respond to of 2241
 
I'm still having a bit of trouble understanding. If I had purchased IRID August options (I didn't, thank goodness), and didn't exercise them today or earlier, when do they 'expire'? I certainly couldn't have traded them away this week, and they're not going to be subject to auto-exercise. So...will the CBOE automatically 'extend' their lives by the same amount as the period they couldn't be bought or sold (ie, one week) once IRID finally does reopen for trading?

-Rose-



To: Dan Duchardt who wrote (1611)8/21/1999 5:51:00 PM
From: Shtirlitz  Respond to of 2241
 
I have already asked my broker to exercise them, and put the negative stock in my short account. We'll see what happens.


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