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To: matt gray who wrote (35794)	2/22/1998 8:50:00 AM
From: Glenn D. Rudolph	Respond to of 61433

in my case of using fidelity the options expire worthless unless they exceed the strike price by 3/4. is this particular to fidelity or is this the case in general? Matt, I will have to do some research so as not to be inaccurate. The set amount use to be 3/8ths. However, these rules do change often and I have not read them recently. I will check when I get the time and see what I can find. Fidelity has a different way of extending margin based on the security one owns. I know that is specific to them and an SEC rule. This is a little off base<G> Glenn