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To: Anthony who wrote (2656)3/18/1998 1:06:00 PM
From: Rajiv  Read Replies (1) | Respond to of 8218
 
You can do that too.

e.g. I own the Jan 99 Strike=100 Puts. I can sell than anytime
to close out the position. In fact, I will surely be selling them
as I do not want to exercise the put contracts.

You can get out of any open open position before the date of expiry
(assuming that these contracts trade with reasonable volume).

Regards,
Rajiv



To: Anthony who wrote (2656)3/22/1998 11:32:00 AM
From: Bill Martin  Read Replies (1) | Respond to of 8218
 
Re: ... selling to close a Call or Put option that you bought earlier before expiry date when it is out-of-money?

Bear in mind that although you can (are allowed to) sell out of the money Put/Call options, there are times you can not actually do it simply because there is no willing buyer out there. Options markets typically trade a lot more thinly than equity markets do and you can't always buy/sell whenever you want to.

Bill


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