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

To: tejek who wrote (103890)	4/11/2000 4:22:00 PM
From: deibutfeif	Respond to of 1571281

Ted, for US-market options, you can exercise whenever you want, though usually that's not done until the last day. "Cashing in" could also mean trading in the secondary market (selling to close), which you can also do any time (obviously). ~dbf

To: tejek who wrote (103890)	4/11/2000 4:24:00 PM
From: Road Walker	Read Replies (1) \| Respond to of 1571281

Ted, If you bought calls or puts, you can sell them at any time. If you sold puts or calls, you can buy them back, and make or lose the difference between what you paid and what you sold for. The problem with selling or buying options and holding your position through earnings, is that the underlying stock can gap so far on the off hours news that you don't get a chance to trade until after the fact. Think of the folks that held long options positions in MOT overnight last night. Most all of them went to zilch this morning before they had a chance to trade. John