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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (4416)	4/1/1999 2:41:00 PM
From: David Penfield	Read Replies (1) \| Respond to of 4969

Steve - Thanks for you discussion of options opening rotations. I think everyone learned something from it. I have an options tax question that I have posted to a few other threads, but you probably know the answer: Are OEX and SPX options considered 1256 contracts or are they treated the same as equity options for tax purposes? Thanks, David

To: steve goldman who wrote (4416)	4/1/1999 3:04:00 PM
From: Tom DuBois	Read Replies (1) \| Respond to of 4969

After this discussion of the complexities in options trading, I'm almost embarrassed to ask this one. I own NTBK underlying and have covered all shares with Apr 65 calls. The stock has surged to 75+. I know exercise can come at any time, but it hasn't happened yet. Typically, in a situation like this, when can I expect to be exercised? TIA Tom