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To: Bald Eagle who wrote (30550)1/15/1998 12:16:00 PM
From: username  Respond to of 61433
 
<do I get charged a commission like I was selling it normally?>

Nah, they like to do it for free. :o)

Real answer: Yup. make sure you call your broker and get a deal, cause sometimes the clearing firm will just calculate it in before you find out.

You'll probably get called out automatically if the deal closes above the strike price tomorrow, (Jan options I'm talking here.)

Speaking from experience, I remain,

pete



To: Bald Eagle who wrote (30550)1/15/1998 12:29:00 PM
From: Inga  Respond to of 61433
 
It depends on the brokerage firm policy. Fidelity does not charge commissions on short sale (only when you cover buy) and covered calls being excerised (only when you sell the call or buy back). They seem to drop their commission rate a bit if you qualify for active trading (36 times/year). However, their policy may change. I suggest that you check with a Fidelity representative to be sure. Good luck.


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