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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Mike S. who wrote (14282)	5/7/1999 10:55:00 PM
From: KevinThompson	Read Replies (1) \| Respond to of 56535

If you're talking about not being able to cover a margin call when due, your broker will sell some or all of your position at market at first opportunity in order to cover themselves regardless of price - in other words - you lose big! But still, I don't know how options are affected. Maybe someone else would know. Sounds like you are ok though. If I were ever in that position, I would rather trade (sell) the securities myself before the call becomes past due, even if at a loss in order to at least maintain some control of selling price. In the broker's hands, there would be very little mercy, I'm sure.