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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bill/WA who wrote (123371)	7/1/2010 9:29:17 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

The answer is sometimes no. You cannot retrieve your cash unless it is over your margin requirement. Which it was, but you can't take all of it. <G> I once described writing puts as "buying stocks at a cheaper price." No one gets scared if you buy the stock at a higher price. But if you write a put and get it put to you at a net cheaper price (stock price less put premium), you are taking a huge risk. Huh?! Part of it has to do with the concept that all brokerage firms thing that selling short involves unlimited risk. Selling short puts do not. But they don't get that. You can explain it to them, but they still don't get it.