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


To: Knighty Tin who wrote (27327)4/10/1998 5:52:00 PM
From: yard_man  Read Replies (1) | Respond to of 132070
 
Thanks for your very clear discussion.

I have a discount broker and they don't allow me to sell the puts to "bottom fish." I tried to explain to the guy that selling a put at a given strike below the current value is more conservative than a limit order at the same price, but there wasn't any use talking to him -- it was a "naked" sale.