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.

Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: RDR who wrote (16552)	4/5/1999 5:23:00 PM
From: Larry Newhook	Read Replies (1) \| Respond to of 37507

I was under the impression that its the THIRD FRIDAY of the Month. It appears that the options will have to be exercised by Friday End of Day (April 16). I agree all ITM options (over $0.75 ) will get exercised automatically but outside of this you have to let the broker know of your intentions. All the options related stuff will get assigned and communicated to folk on MONDAY that that's when based on the account situation expect people to do a lot of short covering. Regards, Ripu, No, options expire on the Saturday following the third friday (index options expire on the third friday), the third friday is the last trading day for the options. But yes, if you are long the option, you have to let your broker know if it is less than .75 ITM. If you are short, it will be dictated to you. Because in Canada the market makers (specialists in Canada)usually are on the other side of an option trade (there is VERY little two-way retail trades in Canada), these guys usually unload their hedge before they go home on the third Friday in order to be unexposed over the weekend. Larry.