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Strategies & Market Trends : Option Trades
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To: Dave Triplett who wrote (718)2/23/1998 12:20:00 AM
From: Art C.  Read Replies (1) of 2341
 
Dave---If you bought puts to protect your equity against loss, then no one has the right as far as I know to exercise those puts but you. If your broker did it without your permission, then he screwed you royally. Note in the following that it says that that the owner of the put has the right-----but not the obligation---http://www.e-analytics.com/op9.htm
If this is the case, and it happened to me, I would call the brokerage co. in question and demand that this be corrected, or I would report them to the SEC.
Art
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