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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (192785)9/19/2002 2:42:08 PM
From: BDR   of 436258
 
The last chance you have to close your short put position is at the close on Friday. An institutional holder that is long that put has until sometime Saturday to exercise. I don't know whether the retail buyer of options can do that or not (No, the playing field is not level). If bad news comes out Friday evening and you didn't close out your short put, you may be the proud owner Monday, even if the stock closed out of the money on Friday.
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