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


To: tejek who wrote (110635)5/12/2000 1:16:00 PM
From: Kenith Lee  Read Replies (1) | Respond to of 1583406
 
The actual exercise (to take ownership of the underlying stock) is on Saturday. The Exchange will randomly assign which option writer to sell the stock and award to the option buyer. Unless you are deep in the money (vary from house to house), the automatic exercise is not guarantee. So the option buyer must place the order (to exercise) prior the market close on Friday. This includes cash settlement for index options.