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


To: niceguy767 who wrote (94253)2/19/2000 12:06:00 PM
From: Elmer  Read Replies (2) | Respond to of 1573433
 
NiceGuy, I had a talk with Schwab this morning (I finally got through) about the issue in question. They explained that the options agreement that I signed for my accounts contained a box to check giving Schwab authorization to exercise in the money options on my behalf, in lieu of specific instructions and that Schwab would make a good faith effort to do so. Depending on the maintenance requirements of my account, those shares would be sold at the open on the next trading day if needed to keep my account current or held in my account awaiting further instructions should no margin issues apply. The last time I can issue instructions or close out the position prior to expiration is 5:15 EST Friday. Hope this helps.

EP



To: niceguy767 who wrote (94253)2/19/2000 4:05:00 PM
From: eplace  Read Replies (2) | Respond to of 1573433
 
hey niceguy...........What are your options strategies for March and April?

I foresee some continued weakness in the markets, but AMD hasn't taken part in the it for the most part (except maybe a little manipulation on Friday afternoon). I see AMD getting stronger towards earnings in April, but do you see any spillover from the markets keeping AMD going sideways or slightly lower for the immediate future? If so, would you write some CC's on your shares for March?

Thanks for your opinions?
Ed P.