CompetitionDouble420 t1_jeb7829 wrote on March 30, 2023 at 7:13 PM

Reply to comment by silverwind18 in A few lucky coinflips... by silverwind18

I appreciate the info!

CompetitionDouble420 t1_jeb4153 wrote on March 30, 2023 at 6:53 PM

Reply to comment by silverwind18 in A few lucky coinflips... by silverwind18

Assuming their positions are ITM, correct?

CompetitionDouble420 t1_jeaszpg wrote on March 30, 2023 at 5:42 PM

Reply to A few lucky coinflips... by silverwind18

u/silverwind18 Really dumb question: in order to exercise those puts, do you have to own the shares already?

I understand with call options, you have to have the capital to exercise your calls at your specified strike. So, is the opposite true for puts? Do you have to own the shares in order to exercise your puts at your strike?