SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : From the Trading Desk
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: steve goldman who wrote (1781)11/24/1997 9:40:00 PM
From: space cadet  Read Replies (1) of 4969
 
Hi steve, let me ask you a question about my situation. I was short 7 Nov in the money puts and long 7 feb puts (same strike price). I tried to cover (i.e. buy back) the Nov puts on Friday but for some reason the sale didn't go thru. I expected to find that the stock had been put to me this morning, but I did not receive any word so far. I am still expecting for my cheap brokerage firm to tell me tomorrow that the stock has been put to me. My questions: I would have a) liked to have gotten out of the short on friday when my sale never went thru (it never even showed up on the internet, so possibly I did something wrong, I don't know), b) sold the stock first thing Monday morning. The stock went down quite a few points today. How many days does the brokerage have to finally tell me the stock has been put to me? And then how many days do I have to sell the stock? (I don't have enough money to actually buy the stock so I must sell it). What happens if my brokerage house doesn't ever tell me about my puts. They were 5 or 6 points in the money when they expired on Friday so I'm sure they got exercized.
P.S. This is the last straw with my cheap internet brokerage firm. I am planning on changing firms. Are there any firms you would recommend who specialize in options in particular, spreads, naked options, etc. I can't find any firms who do so and also allow trades over the internet. For example, nobody has a screen to allow a spread to be placed over the internet to my knowledge.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News