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

To: Rich Young who wrote (21959)	5/12/1998 6:06:00 PM
From: EPS	Respond to of 42771

Rich, Indeed some brokers (e.g. ML and others) can arrange a loan for you using your newly acquired stock as collateral. Victor

To: Rich Young who wrote (21959)	5/12/1998 6:08:00 PM
From: Ben Antanaitis	Respond to of 42771

Rich, The CBOE web site has the rules for options transactions. Over there, they say that settlement is due on the next trading day after expiry. Expiry for the stock options is the third Saturday of the month, witht he last day that you can trade them being the third Friday. This should give you until Monday to get the funds into your brokers hands under the 'rules'. Perhaps your brokerage has its own rules that it allows you to trade options under. And no, the broker isn't going to 'float' you. Bad scene any way it goes. Ben A.