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To: taxman who wrote (5115)3/16/2000 9:26:00 AM
From: Jill  Read Replies (1) | Respond to of 8096
 
because you can't buy it in order to sell it unless you have the capacity to buy it.



To: taxman who wrote (5115)3/16/2000 10:04:00 AM
From: edamo  Read Replies (2) | Respond to of 8096
 
taxman...re: "capacity"

quite simply, if you do not have the capacity in cash or margin, (a) the strategy of selling of puts moves from an investment/portfolio enhancement to speculative trading, and (b)most times cannot enter the order.

no different then exceeding your margin limit when buying stock