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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (12844)	2/19/1999 2:19:00 PM
From: HRAKA	Read Replies (1) \| Respond to of 122087

So what do you think about Agio's post earlier, and what Waterhouse said about options being halted. (post 12833) Hraka

To: Jack of All Trades who wrote (12844)	2/19/1999 3:30:00 PM
From: Alan Smithee	Read Replies (1) \| Respond to of 122087

Well you sell stock even if it is halted right? Just have to find a buyer. Well an option is a contract, that contract must be fullfilled (sp?). For a PUT it is a right to sell stock at a certain price that the underwriter garauntees. Same as if you and I made a contract outside the exchange... IMO Problem is, you have to be able to go into the market to buy the stock to put to the writer of the option. If you can't get the shares, how can you exercise? And if there's no shares to be had, no one's going to buy your contracts prior to expiry. BWDIK.