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To: Gabriel008 who wrote (48078)	7/20/1998 9:45:00 AM
From: ViperChick Secret Agent 006.9	Respond to of 58727

thanks for the post I have only exercised once on CCI with 110 puts and because I was forced too....they didnt tell me at the time..but it would have been an automatic exercise anyway because it was so far in the money and to answer the question I keep seeing on this thread about account requirements... because it was a small trial account with Pacific( which I closed after this debacle) i sure didnt have the money in the account to cover that trade AT ALL now they said I had to send them the money to cover the Fed requirements on Monday even though I immediately covered the position on Monday and everything was taken care of so I dont know the validity of being able to not send that money and just cover and forget it and it would have never occurred to me to pull such a stunt I was a nervous wreck over the weekend thinking something would happen over the weekend....but that was a year ago before the mania banking mergers... hmmmm well now I have another strategy ;-)