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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: the Zwei who wrote (2895)	3/21/2005 12:06:32 PM
From: kodiak_bull	Respond to of 13449

Yes, if the option is more than 25 cents in the money the broker will generally take care of it automatically. I just finished an option spread on BTU (Mar 80/85) that closed $14 in the money. Up to the end the highest price I could get for the option was about $4.85~4.90 plus commissions, but I held on and received the full $5. After commissions it came out to $4.98. OptionsXpress was very good about this, but they are specialists. It may be that other brokerages would be less familiar with this and need more back and forth. Kb