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

To: Tommaso who wrote (56109)	4/15/1999 11:03:00 AM
From: IceShark	Read Replies (1) \| Respond to of 132070

So when MKB talks about being "short puts" he just means selling puts that previously did not exist--against a cash balance I guess. Yes. And he gets the cash from selling those puts. But he has to have sufficient additional equity to cover the risk he has assumed. So if the market starts declining, there would be an effort to buy in these position, which would drive up the price of the puts maybe even faster than the decline in the stock would warrant? Yup. Why it is usually better to buy puts on an up day and calls on a down day. I am not exactly "nervous" but I am curious as to how I can own puts that do not seem to exist outside my brokerage account. Reporting problems? Talk to your broker and quit asking that same question every 5 minutes. -g- With SCH down around 25, last I looked, I can't even get quotes on my puts. SCH was halted for awhile on the NYSE, try again , it's now re-opened.