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To: kapkan4u who wrote (122029)12/11/2000 11:24:39 AM
From: Joe NYC  Respond to of 186894
 
Kap,

No. The put loss is $100K, the short gain is also $100K. You made $40K when you sold the puts.

Ok, I think I overlooked that you sold puts for 20K (not 100K. This is basically a covered put which is a mildly bearish strategy.

Joe