Q&A | MAR 2003
Q&A by Don Bright
Q&A by Don Bright BULLETS Do you know where I could find more information about the “bullet” options strategy involving married puts? Thank you — Matt Bridier Married puts or “bullets” are simply contracts entered into between a trader, his firm, and another entity. Stock is purchased with an equivalent number of puts. The puts are exercised at the end of the trading day, leaving the trading account “flat.” During the day, the trader can trade with the long stock, and can sell it without marking the sale short. This practice varies from firm to firm, and is generally only available to proprietary traders (due to margin rules and so on).
by Don Bright
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