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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: Anthony who wrote (2652)3/18/1998 2:31:00 AM
From: Chris  Read Replies (1) | Respond to of 8218
 
will ask on my thread.. im not familiar with options.. but i know they will.



To: Anthony who wrote (2652)3/18/1998 9:27:00 AM
From: Rajiv  Read Replies (1) | Respond to of 8218
 
You can buy back the option that you sold - to close out the
position.

e.g. If you sell 10 contracts of IBM (Jan 99, Strike 110).
You can buy them back anytime between now and Jan 99 (expiry)
to close out the position. If you choose to leave an open position
on the expiry date - it will expire worthless if it is out-of-money
or it will get called away if it is in-the-money.

Regards,
Rajiv


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