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Nit-Pick: 'Writing' == selling an option, and he would've wanted to buy puts (if it were legal).
by kevinrpope 15y ago
Nit-Pick: 'Writing' == selling an option, and he would've wanted to buy puts (if it were legal).
- teyc 15y agoI actually agonized over "writing" vs "selling". In the end, writing seems more natural.
- kevinrpope 15y agoYeah, I like using 'writing' better as well. But my nitpick is that in a position where he owns the stock, writing puts would increase his downside, whereas buying puts would protect him.
- teyc 15y agoyou are right. I got that back to front didn't I?
- kevinrpope 15y agoYeah. I was concerned with even making my initial comment because I didn't want to sound like an ass. But I have a lot of experience with derivatives, so hoped I'd be looked at as a benevolent expert rather than a blowhard windbag. :-)
- teyc 15y agoKevin, be assured, it didn't come across like a blowhard windbag. Thanks again for the correction.