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To: ddt99 who wrote (102966)	2/19/1999 11:21:00 AM
From: PAL	Respond to of 176387

Yes you double the number of contracts while the strike price is halved. One caveat: if you are selling naked puts, where a certain margin formula is used to hold cash in the account, check with your broker if a split would increase margin requirements. For example, previously you are short of 10 contracts, in March you are short of 20 contracts. Some brokers use the formula based on the number of contracts. Now your exposure is doubled even though the underlying exposure remains the same. Hope that helps. Paul