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To: pater tenebrarum who wrote (81478)	12/29/1999 10:33:00 AM
From: clochard	Respond to of 86076

Thanks

To: pater tenebrarum who wrote (81478)	12/29/1999 11:09:00 AM
From: IceShark	Read Replies (1) \| Respond to of 86076

I think most decent brokers will sell the ITM at expiration if it is worth about 3/16, or so - enough to cover commissions. Otherwise it would exercise, no? I had this problem with some poots in my IRA account, where you can't go short by law. I couldn't get through to the rummy broker to sell the options and was afraid they would short the shares and I would be slapped with a premature distribution and the associated tax penalties. Turns out they sold off the contracts at the close. I see there is no stopping this market. Tip's market call was wrong, as usual. -g-