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Author: bj56 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1209  
Subject: pre-declared transactions Date: 5/21/2007 5:51 PM
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I want to buy put options as a hedge for a stock that I own. But I am bound by a certain condition (for slightly complicated reasons, so I won't elaborate) that I have not been able to meet: to take this hedge requires that I pre-declare the the date of sale of the put options. After opening my postions, I would only be allowed to exercise or sell on that date. So these puts would be like european-style options but with the added restriction that sale as well as exercise of the options could only take place on a certain date.

Does anyone know of a way to do this or a broker that could accommodate such a request? My broker doesn't give me this possiblity, nor do the other two brokerage houses that I have tried. I realize that it is unusual and probably counter-intuitive, but any thoughts would be welcomed.

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