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To: Ally who wrote (21389)3/24/1998 11:28:00 AM
From: Ben Antanaitis  Respond to of 42771
 
Denise,

If an option is 'in-the-money' by more than a brokerage-house threshold it is automatically exercised. The call holder then has to 'handle' the results of the automatic exercise.

Ben A.



To: Ally who wrote (21389)3/24/1998 4:43:00 PM
From: Rich Young  Respond to of 42771
 
H. RicH. Now that I've got my pet peeve out of the way...

If you have deep in the money calls, they are automatically exercised. If you don't have the cash in your account and your broker can't get ahold of you, you better be sleeping with your them or my bet is that you'd be out of luck on getting them exercised. That's one I don't want to experience firsthand. Could take "going postal" to new heights.

Rich


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