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Stocks W / Western Union


Subject:  WU Options expiration today Date:  2/17/2012  10:05 AM
Author:  CommanderFlipper Number:  183 of 218

I sold five puts and five calls, $18 strike price, expiration today 2/17. WU current price is $17.81, so it looks like the put owner could sell me 500 WU shares and make 500x $0.19 = $95. While I would strongly prefer not to have 500 more WU, it doesn't seem to make sense to buy 5 puts at $0.33= $165 plus commission. Thoughts?

I am assuming if I bought the puts it would cancel out the ones I sold earlier. Correct?
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