How to

Last post 11-18-2009 8:21 AM by Montana. 2 replies.
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  • 11-17-2009 1:57 PM

    How to

    Hi guys... I have 67 contracts of WMT at  a strike price of 50 ... the stock is being trade at 53.9, how could I exercise my options and buy the stock at 50 ?????

     should I just buy the stock in my options portfolio?.... or sell my options???

     

    Thank u in advanced.

     

    John Londoño

     

  • 11-17-2009 9:22 PM In reply to

    Re: How to

    personally here in WSS i just trade the options never exercising them.If you really want the stock you will have to contact support to exercise the options contracts before expiration.
  • 11-18-2009 8:21 AM In reply to

    Re: How to

    Here is what the rules say about that:

    17. Exercising Options - In-the-money options that remain on account at expiration will be sold off at their intrinisc value. Out-of-the-money and at-the-money options will expire worthless. To exercise an option, users must contact customer support.

    I didnt realize it was that like that. And tomorrow is option expiration for November. I usually trade the options, I have not exercised an option here.

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