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Funny. Another smart guy who sits on a forum all day long, nothing else to do. Probably out of money. Proclaiming how stupid everyone is, yet who provides no answers. Nasty. Yep you chased me out of hear. Bye, bye. Fortunately I found answers from another forum.

Newwurldmn, Thanks for the reply. My objective is to buy the stock. If I don't get the put exercised I keep the amount given to me when I sell the put. Rather have the stock. Again, I would rather have the stock. But a nice 15% fee will satisfy me. Wait, minor point, I also want the stock for...

As you did? No thanks. That's the lesson I learned. Never buy on margin. My personal choice.

Pretty funny answer..That's the stock game. Any stock can become crap, even Apple. So you are saying don't buy stocks because all stocks can become crap. I know, I know, even though I am going after only the highest quality, biggest companies, that are the most profitable, things can go wrong. I...

Glad you said "your trick" because it worked for me, perhaps only me, for the dozens of naked puts I held. Would not suggest this for anyone else because it worked during a massive crash of the TOTAL market, not an individual stock crash, because the stock sucked. What happened: I was calmly...

I keep it until it expires or I get the stock.

Hi Folks, I usually deal in two things 1) preferreds and 2) puts. In 2008-9 I learned about "naked puts" when I was almost forced to liquidate a great deal of my holdings to satisfy the margin calls on my "naked puts". I mean who would ever think Microsoft would go to $16 and GE to $10? But they...

Best way to learn about options is do a very small position and lose money. Easy to do. Try not to lose much to learn your lessons. Enough of these lessons and you get pretty smart :) You really don't get these nice lessons until the unexpected happens.