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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (148231)	9/19/2008 8:32:40 PM
From: Peter V	Read Replies (2) \| Respond to of 306849

Interesting note from etrade, I guess you can't short through options either: Attention Options Customers: Due to the above new SEC regulation on short sales, certain options positions on these underlying securities (http://www.sec.gov/rules/other/2008/34-58592.pdf) expiring September 20, 2008 (long uncovered puts and short uncovered calls) that were entered into after September 18, 2008 may be subject to being closed by ETRADE Securities at or before expiration. ETRADE Securities may also take action to close the assigned/exercised underlying security in the event that the options are assigned or exercised. Please note that options positions entered into prior to September 19, 2008 are not subject to this action. To avoid the above action, you may wish to close the above mentioned options positions prior to option expiration dates in the event that the long option holders exercise the options prior to expiration. Again, please note that the above circumstances are a direct result of the above described SEC regulation on short sales.