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Technology Stocks : Lucent Technologies (LU)
LU 2.6450.0%Dec 24 12:59 PM EST
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To: zyx1996 who wrote (4786)10/23/1998 12:37:00 AM
From: Gary Korn  Read Replies (1) of 21876
 
Zeren,

My experience is that stock underlying naked puts will get assigned to you, even in unlikely situations. When you wrote the put, you of course contracted to take in the shares if the put buyer so elected. That appears to have happened. I'm guessing that the put buyer was fearful that the stock would stay below the $15 strike price in this situation, so he/she exercised the stock to you at $15.

Hope this helps,
Gary Korn
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