News Focus
News Focus
icon url

Drexion2004

04/28/11 6:54 PM

#79895 RE: KOkre #79894

A put at say strike $5 means you have the right to SELL the stock to someone at that price. So when you exercise the put, you become short the stock (If its trading, you can then immediately rebuy the stock to close the short...but not if its halted).

-Fernando