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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: larry who wrote (145268)	10/19/1999 10:31:00 PM
From: rudedog	Read Replies (1) \| Respond to of 176388

larry - the put buyer is not required to put the stock to you, but can do so. I think you were just lucky or had a greedy put buyer who expected the issue to go lower. I have seen puts executed above the strike, let alone above the strike less premium - I could give you the reasons why someone might do that. It would be most likely for a large seller of a relatively small float issue. The point I was making is that freeus is working with margin already, and may be under the assumption that selling those far out puts will give her cash and some breathing room, but she could burn her remaining margin up next week selling puts, and really be in a pickle. I have zero margin at the moment and would be quite comfortable taking Intel if it is put to me.