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To: chic_hearne who wrote (38920)11/18/2000 8:42:19 PM
From: UnBelievable  Read Replies (1) | Respond to of 436258
 
Let's Not Quibble Over Details

Sure I would prefer $27 but $24 works.



To: chic_hearne who wrote (38920)11/18/2000 8:42:53 PM
From: KeepItSimple  Respond to of 436258
 
>I'm convinced when the options boyz get screwed, they aren't going
>to make it easy for you to cover

I experienced this first hand in march- my brokerage tried to close out my options portfolio because I had incurred 7 digit losses. It's not that I didnt have enough equity, but that they "didn't want their customers to lose money." (i kid you not)

I had to threaten to sue them to keep them from liquidating my account, with 2 weeks left to go until op.ex. friday.

Those puts made me more money than i've ever made in my lifetime. They knew the gig was up, and didnt want to pay.

Guess its par for the course when brokerages have trading desks that trade against their customers' accounts.



To: chic_hearne who wrote (38920)11/20/2000 9:31:14 AM
From: pater tenebrarum  Respond to of 436258
 
forget your doubts...in a BK the put buyers are forced to pay up.