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To: Yamakita who wrote (99038)	2/14/1999 11:29:00 AM
From: PMS Witch	Read Replies (1) \| Respond to of 176387

Off topic - Put writing and margin I don't know about your broker, but my statements come through with the cash I received from the sale posted to my cash (or debit) balance and the market value of the (short) puts posted to my equity balance as a negative number. The overall position(s) in the account must meet the broker's margin requirements. If exercised early, which can, and does, happen, the account, which now holds stock, must still meet my broker's margin requirements. I suspect, but don't know for sure, that in the event your account fails to meet your broker's margin requirements, you'll be contacted by your broker's credit compliance department. If you cannot be reached, the broker will be free to take the action outlined in the contract you signed when you first opened your account. Hope this helps, PW.