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Thoughts on a put expire 2/28?
Bowl Leader
Well, if you consider 1 contract is 100 shares, that means you’d need to have your strike price of the put times 100 available in your account to purchase the shares ($75,000 for a 750 strike put). You likely can’t sell a naked put without approval. You could, however, sell a covered call if you already own 100 shares.
I mean you could let the contract expire if you don’t have the capital.