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To: Salt'n'Peppa who wrote (142787)12/20/2010 7:14:55 PM
From: katytrader  Respond to of 206191
 
Salt, options can be exercised at the will of the holder up to the last minute before expiration. Assignment can turn out well. I was assigned Aug IOC puts at 65...bad dip followed but eventually had the shares called at 75, with option premiums thrown in the gain was $14-15 per share.

katytrader