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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Victoria Walley who wrote (13559)2/1/2001 11:17:43 PM
From: Sr K  Read Replies (1) | Respond to of 14162
 
It was before there was "afterhours", on an NYSE stock, so you couldn't trade the stock after 4:00, but you could make your exercise decision until 4:30. Technically, the OCC prospectus says/said that options (most) expire on the Saturday following the 3rd Friday of the month, but each brokerage firm has its own cutoff time for accepting verbal instructions to override the automatic exercises and expirations.


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