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Tuesday, September 26, 2006

New Rule On Automatic Exercise Of Options!

I just read from Adam's posting that a new rule on exercising options will come into play from Oct expiration onwards.

Options that are even slightly in the money (by a nickel) will be automatically exercised, as compared to the current threshold of 25 cents in the money. But you have a choice: If you don't want it to be exercised, you can instruct your broker not to do so, but it must be conveyed by the Friday afternoon before the monthly options expire.

Just passing this info along...so do watch out in the coming Expiration day

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