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To: Ben Antanaitis who wrote (21305)3/20/1998 10:26:00 PM
From: Elmo Gregory  Respond to of 42771
 
When can I anticipate being assigned?

You can anticipate being assigned any time your option becomes in the money. Individual investors may be automatically assigned or exercised at expiration by The Options Clearing Corporation if the option is 3/4 of a point or more in the money. Also, most brokerage firms have rules under which options will be automatically exercised; check with your broker to determine which automatic exercise rule may apply.
cboe.com



To: Ben Antanaitis who wrote (21305)3/21/1998 12:19:00 AM
From: Steve Fancy  Read Replies (1) | Respond to of 42771
 
Ben, thanks for the clarification. This is the first instance that I have found where Mr McMillan could have gone into more detail.

Regards,

sf