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Strategies & Market Trends : Selling Puts: Have Cash Will Travel -- Ignore unavailable to you. Want to Upgrade?


To: OX who wrote (970)1/24/2000 1:38:00 PM
From: rrufff  Read Replies (1) | Respond to of 1235
 
Thanks for the insight. What I am gathering is that due to the dynamic of being short puts, unlikely that after hours will affect your position, which was my original question.

However, covered call is more likely to have an effect. Even worse, would be someone doing a CC on a leap, as opposed to equity, as he risks becoming a short.



To: OX who wrote (970)1/24/2000 1:42:00 PM
From: David Lind  Read Replies (1) | Respond to of 1235
 
RE: After hours. The disparity between stock and option market hours is a big problem. Anyone know if there are plans to get them in sync?

-David



To: OX who wrote (970)1/24/2000 2:08:00 PM
From: taxman  Read Replies (2) | Respond to of 1235
 
thanks for digging out that post about schwab.

as i understand it, the investor was short schwab 37.5 calls and schwab was trading as high as 37.75 near the close. i agree that the prudent move would be to close out the short call since the holder of the call could buy the stock from the investor at 37.5 and sell on the open market--the regular market at 37.75.

regards