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


To: broken_cookie who wrote (727)2/20/1998 4:19:00 PM
From: Tai Jin  Read Replies (1) | Respond to of 2241
 
Richard, so for an ITM option I either have to tell my broker to not exercise (which means it expires worthless and I don't get the intrinsic value from it?), or I sell it. I would have thought that an ITM option which expires is worth its intrinsic value, no?

...tai



To: broken_cookie who wrote (727)2/20/1998 7:37:00 PM
From: Madpinto  Respond to of 2241
 
if it's in the money, you have to specifically inform your broker that you DONT wish to exercise. Some brokerages may not allow you to do this.
Do you know of any firms that do not allow this? An option buyer has right to exercise (or to not exercise) their options regardless of where the stock may be trading. If my firm had any restrictions on this, I would take my money and run.