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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: niceguy767 who wrote (94175)	2/18/2000 10:40:00 PM
From: Joe NYC	Read Replies (2) \| Respond to of 1578397

Is the benchmark for exercising $40.25 or $43? It's twilight zone material! That's an interesting question. But whatever it is, it only applies if you leave it up to the broker to make the decision. I think you should consider first and take matters into your own hands. I would exercise the 40 calls. 42.5 are a close call. It depending on your your cash, margin situation, and how strong your stomach is. You have a right not to exercise an option, even if it is in the money. Joe

To: niceguy767 who wrote (94175)	2/18/2000 10:47:00 PM
From: ajbrenner	Read Replies (1) \| Respond to of 1578397

Re:"Is the benchmark for exercising $40.25 or $43? It's twilight zone material!" Since options expire at midnight one could speculate that the after hours price is what would matter.Otherwise why wouldn't expiration be at the close of the market? The $43.00 price was a complete surprise to me. I checked the price by phone at 4:10 only to be disappointed with the closing price. When I joined the thread at about 10:20 I couldn't belive the after hours price. Should be an interesting Monday. Good luck. ajb