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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (30858)1/17/1998 1:48:00 PM
From: username  Respond to of 61433
 
AAARRRGGHH!! You are RIGHT!! My mistake. Thanks for the correction. really gotta go, bye. pete



To: Glenn D. Rudolph who wrote (30858)1/17/1998 2:36:00 PM
From: Sowbug  Read Replies (1) | Respond to of 61433
 
Feel free to correct me but I believe that automatic rule is on the CBOE page. I do not believe it is clearinghouse specific.

Ameritrade says it may, in its discretion, automatically exercise an option if it's 3/4 of a point in the money. I'm not sure whether that's a more general rule than just calling away stock from a writer of a covered call. Or maybe it's totally inapplicable.


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