Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Ben Antanaitis who wrote (59964)	8/20/1998 5:17:00 PM
From: SecularBull	Respond to of 176387

Ben, thanks for this clarification. I've never held them over, so I wasn't sure what happened at that point. Regards, LoD

To: Ben Antanaitis who wrote (59964)	8/20/1998 8:53:00 PM
From: Sonki	Read Replies (1) \| Respond to of 176387

Ben, Do you happend to know intel's max pain based on what happened today? Since there are no signficant earnings surrounding intel max pain should be accurate. If TK call is for speicfic manipulation we will know. Thx in advance.

To: Ben Antanaitis who wrote (59964)	8/26/1998 12:37:00 AM
From: atxguy	Read Replies (2) \| Respond to of 176387

re: The last day for options trading is the third Friday of the month. All of that month's options expire on the day after the third Friday, ie this Saturday. If you are holding options that are 'in-the-money' over a brokerage house predetermined 'threshold' at the end of the trading day Friday, they will be auto-exercised and you will have to come up with the money to cover the purchase of the shares that will be assigned to you per the contract. You cannot dispose of the option on Monday, it no longer exists, you can only come up with the cash to buy the shares and cover the transaction costs. If you do not have the cash, or margin, in your account, you cannot say 'sell them and I'll just keep the difference' to the broker, that would be a violation of the 'settlement rules'. Read the rules of options trading at the CBOE web site. Esp. the section on the risks to 'in-the-money' option holders. Ben, look up "Fed-call." Remember you are talking to the OptionKid