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

To: puzzlecraft who wrote (92184)	1/20/2001 2:04:57 PM
From: Peter J Hudson	Read Replies (1) \| Respond to of 152472

I have always assumed the statistic that 90% of all option contracts expire worthless was misleading, but accurate. Correct me if I'm wrong, but any option that is not exercised expires worthless. Many options are bought or sold as a hedge and expiring worthless is the intent, simply insurance. An option contract can trade many times and on the day of expiration be worthless, but that doesn't mean that everyone that traded it lost money. I've used options for 15 years and only once chose to exercise. Pete