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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: ---------- who wrote (693)	2/16/1998 12:05:00 AM
From: Cents	Read Replies (2) \| Respond to of 2241

Etrade options trading question I'm new to Etrade options trading. I bought some AOL Feb110 puts at $3.50/shr. Come expirations on Friday, can someone please explain to me what my choices are should AOL stock price ever approach or even goes under my strike price. I've read that Etrade automatically exercises your option for you when you are in the money. What if I'm not interested in buying the stock, and as closing approaches what should I be looking at to make sure that it doesn't get exercised? Or is it safer for me to just sell the calls especially when I don't have the time at expiration day to monitor the stock's price? Thank you