Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (8982)	11/22/1997 4:29:00 PM
From: Joseph G.	Read Replies (2) \| Respond to of 18056

Sankar, this is a different (separate) problem of loses by option dealers. To the buyer, however, Options Clearing Corp is guaranteeing payment, if any. That is, a dealer, or the counterparty can be bunkrupt, yet the option contract is not from a sepecific party (in case of exchange traded options), but on obligation of OCC and Exchange. This is described in more detail in CBOE cite, e.g. The particular dealers can get creamed, and there are some nearly every year, but the OCC ensures that contracts are honored - they have some money, and emergency credit lines, and insurance, etc. Joe

To: Rational who wrote (8982)	11/22/1997 9:32:00 PM
From: Barbara Barry	Respond to of 18056

Sankar, That article got my my attention also,albeit,perhaps a bit hyped. It doesn't mean the end of my put postion I hope? <BG> Seriously, this senario will take a little time to unfold. Yes, I am leaning towards bearishnes, yet I know that technology and services is what eventially will drive our economy.Let us not pay retail for what we can use tomorrow! I just wish I was wise enough to nail down time frames. There is time on our side no matter how "pro-active" we are, if we are patient. And boy is hard to practice what we preach!! I try to keep a sense of humor amidst all this insanitiy! regards, Barbara