Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Jack of All Trades who wrote (12844)	2/19/1999 3:30:00 PM
From: Alan Smithee	Read Replies (1) of 122087

Well you sell stock even if it is halted right? Just have to find a buyer. Well an option is a contract, that contract must be fullfilled (sp?). For a PUT it is a right to sell stock at a certain price that the underwriter garauntees. Same as if you and I made a contract outside the exchange... IMO Problem is, you have to be able to go into the market to buy the stock to put to the writer of the option. If you can't get the shares, how can you exercise? And if there's no shares to be had, no one's going to buy your contracts prior to expiry. BWDIK.

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