SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: alanrs who wrote (35330)2/18/2007 10:18:05 AM
From: BWAC  Read Replies (1) | Respond to of 60323
 
<Options can be exercised up to 10 AM Sat, I believe (it might be 11 AM). >

You are correct. But I assure you, a nasty argument is going to ensue between the retail client and the broker. For example I think AMTD cuts off taking exercise instructions around 4:30 on Friday.

I've had a nasty argument with them over this in the past, in a situation just as has occured with SNDK. Several levels of supervisor and having a good understanding of options rules got what I wanted. But then again, it was still Friday at 5pm when I started the argument. I doubt any retail client would win on Saturday. (Even though by the option contract specifications they should win without question)



To: alanrs who wrote (35330)2/18/2007 9:31:42 PM
From: RockyBalboa  Respond to of 60323
 
Here the question comes up whether auto-exercise rules apply.
It would be sufficient if the option (a Put $40) was in the money by a penny or 2.

But here, the calls get auto exd, not the puts exacerbating the problem.

Per the regulation afterhours trades do not "count" as the closing price at 4:00 pm decides.
But I can be wrong on that.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News