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To: scotty who wrote (62367)9/16/1999 5:52:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 86076
 
Just like I said- there are about 30 different points at the bottom of that page where it clearly says "in adverse market conditions" the writer of a certain put or call may not be able to deliver the underlying security, and if they can't there is no guarantee by ANYONE.

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Kis has a point. If the market tanks big, some may renege on their promise to pay....See other risks at bottom of page....http://www.cboe.com/resources/odd/chap10.htm