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Strategies & Market Trends : Tech Stock Options
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To: Dave Triplett who wrote (35358)2/22/1998 10:35:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
Evidently. I knew you would be exercised, most likely, if you were short an option that was in the money by an eighth or more.

There are a number of people I could call, this options guy seemed to be the best bet as I know he must be an ROP. He traded OTC equity options on Salomon's desk for years. Sorry I cannot be of more help.

I suppose if you think about it, it makes sense. Whoever is short the puts has to have the stock "put" to him or her, so you have to cough it up.
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