Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (31474)	10/13/1998 9:36:00 PM
From: D & G	Read Replies (2) of 94695

GZ, You must use Quick & Ratty. I bought DJX index put options for Sept four days before expiry. I called Quick & Dumb and specifically asked if those options expired European style. I was tolded NO ! They expire just like stock options. I called again the next day and was told the same thing by a different broker. Thursday before the close I had a 3 bagger but held (usual for me)(haven't faced that fear thing yet). Friday, I went to sell, still a 3 bagger, and found the options closed. Because the S&P opened UP friday morning my option were worthless. Tweedle Dee & Bumd told me I should have known when they expired. The brokers there must have went thru some match book deal to get their license. Just one man's story. DJF

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