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: Jodi Segal-Lankry who wrote (10813)	12/10/1997 10:36:00 PM
From: Brad Bolen	Read Replies (1) \| Respond to of 18056

Jodi, assuming your question was an open one....Speaking from personal experience......and not to sound upity...It would be in your best interest to invest in things you understand...for you own protection. I am no puts expert, but if I understand your question, then you are suggesting that your puts would be--"In-the-Money...which means YES, they would be worth their 'intrinstic' value...i.e. the amount by which they are in the money. SO if the S&P hit 850, you would exercise your 'option' to buy at 850 and sell (put it to someone) at 900 and pocket the difference. This transaction would be automatic at expiration unless you took action to excercise before that date. If this is incorrect someone please tell me so I can be PUT STRAIGHT on this matter. (pun intended) B. RE: Another stupid puts question: I have S&P Dec90 puts which expire next Friday. If the market goes down in the next few days and the S&P goes below 900 will my puts be worth anything even though the time premium is gone. I appreciate your answers, NEW WITH PUTS, Jodi