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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Ritch who wrote (60852)1/8/2000 4:10:00 PM
From: jmac  Respond to of 152472
 
I am in this position a lot. My firm allows me to have the option exercised automatically even if there is not enough cash in the account to buy. I must sell the stock then on the Monday following the expiration. This is sometimes beneficial when an option has a 2 point spread between the bid and ask on the expiration. Who wants to get screwed out of a point with only minutes to go. So, I take the stock and sell on the following Monday.


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