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Strategies & Market Trends : Tech Stock Options
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To: Darth Trader who wrote (35366)2/23/1998 12:24:00 AM
From: Dave Triplett  Read Replies (1) of 58727
 
Darth; yes. I bought 5 puts as insurance in case the stock went down fast at the last minute. I did not realize that at schwabs discretion they can exercise the options (the third friday of the month)if they are in the money. I have bought stock before that dropped 3 or 4 points that same day. If the stock would have tanked I would have bought back my calls and exercised my puts that same day. I'll think about it tomorrow.
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