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Bruce A Thompson

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Bruce A Thompson

Re: Zeev Hed post# 256248

Friday, 06/11/2004 7:57:26 AM

Friday, June 11, 2004 7:57:26 AM

Post# of 704041
More info on COMPX options

http://www.phlx.com/educat/indexoptions.pdf

European style, meaning they can only be exercised on the expiry date. They can be sold or bought at any time.

Also, it would appear that my broker is mistaken about having to buy the underlying security upon exercise. Apparently, the Options Clearing Corporation just picks a short position to offset and sends them a bill.

BT


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