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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: blankmind who wrote (28448)8/21/1999 11:24:00 AM
From: taxman  Read Replies (1) | Respond to of 74651
 
"would the bid have quickly evaporated to zero?"

probably yes.

also you would need margin to sell a naked put.

in addition you are still at risk of an unfavorable development after the close since, although trading stops at approximately 16:00 eastern time, the time for the exercise notice has not expired.

regards



To: blankmind who wrote (28448)8/21/1999 11:56:00 AM
From: taxman  Read Replies (1) | Respond to of 74651
 
if fact option does not expire until saturday.

Expiration Date: Saturday immediately following the third Friday of the expiration month.

cboe.com

regards