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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (21308)3/21/1998 9:41:00 AM
From: Ben Antanaitis  Read Replies (1) | Respond to of 42771
 
Steve,

I received a note from an AMEX market maker who tells me that on the AMEX, the auto exercise amount is $.25. But you should still ask your broker what they have for an auto exercise limit on an individual account holder. I wonder if these can be different amounts? The OCC says it is up to the broker, so if the exchange auto's at .25 and the broker says to you it's $.75 or even $.50..... who gets the proceeds?

Hmmmmmmmmm

Ben A.


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