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Technology Stocks : All About Sun Microsystems

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To: Dennis who wrote (13947)	1/23/1999 3:16:00 PM
From: Jerry Olson	Read Replies (1) of 64865

Dennis you do not own the stock(but you could)...you sell the put to another party the buyer..they have the option, to A. sell the put if the stock goes down, with no trouble to you, or B. they can excersize their "option" buy making you buy those shares back...or C. loose their option and you keep the premy paid...of course if the stock goes up over your strike price..then they are history... in other words...you must have the funds to buy the shares IF they are put to you..if not!!! you keep ALL the money...PERIOD...

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