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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: Charlie B. who wrote (8857)	1/12/2000 12:05:00 AM
From: Marty R	Read Replies (1) \| Respond to of 13157

When you sell a PUT the stock can be put to you at the strike price When you buy a PUT you have the right to put the stock to someone at the strike price When you buy a CALL you have the right to buy the stock at the strike price When you sell a CALL the stock can be called from you at the strike price. If someone sold $40 PUTs then the stock can be put to them at $40 on or before expiration. But if the premium was 6 1/2 then cost basis is 33 1/2 (less commissions).