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To: clochard who wrote (81475)12/29/1999 10:31:00 AM
From: pater tenebrarum  Read Replies (2) | Respond to of 86076
 
Steve, as far as i know you have to instruct your broker to exercise the options...i could be mistaken though. last time i exercised an option was 15 years ago. i always sell them. one time i forgot about a profitable ITM put position on MAN in Frankfurt and they let it expire. i complained and the Broker (Deutsche Bank in this case) paid up.



To: clochard who wrote (81475)12/29/1999 12:31:00 PM
From: Tim McCormick  Respond to of 86076
 
The correct answer is automatic cash.


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