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

To: Tom K. who wrote (1099)	2/6/2000 9:10:00 AM
From: David Lind	Read Replies (3) \| Respond to of 1235

Tom, just back from a wonderful sailing trip in the islands, and now back to reality. I'll get to you on the spreadsheet in a day or two. Question: I am looking at a nicely priced OTM put on an option which has zero volume and zero open interest. (IATV Feb25). What's the downside if I sell 20 contracts? If the order fills and I hold till expiration, then obviously I have a clean profit. But what is likely to happen if I get into trouble? Will the market maker fill an order later if I need to buy to close the position? Thanks, David