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To: mishedlo who wrote (187002)8/10/2002 8:49:03 PM
From: yard_man  Respond to of 436258
 
sorry, mish. I wasn't clear -- it wasn't until a couple of weeks ago when I was talking with UB, that I realized you could exercise puts without buying the shares and wind up with a short position ... I've got that thick tome written by MacMillan -- haven't read it all, but don't remember reading about either in there.