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Author: craigt111 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 503  
Subject: Re: DDD Put Date: 1/29/2013 6:21 AM
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"...The operation to close your position, if that's what you want to do, is called "Buy-to-Close" puts with the same strike price and expiration as the ones you wrote. This would not be forcing the people who bought the contracts you wrote to exercise early - that's not possible. You're just making a trade that cancels out your previous trade."

Cornellengr2008,
Thank you for clarifying the "language" for a Buy-to-Close. I'm still learning the vocabulary and had misinterpreted that aspect... did not realize the B2C Strike price had to be the same or relatively close (not way below, as DDD is today). I feel much more comfortable with it, now, and will chalk this up to "lesson learned".

It appears my position with DDD is "safe" for now -- presuming it heads back up, closer to Strike in the next 7 weeks. If I'm forced to buy "higher than market", I still feel DDD will ultimately rise in the long term. In the meantime, I can still just purchase shares at the much lower (than Strike) price, today, and wait to see what happens with the Put, at expiration. I'm ultimately long on DDD, and do not want to be out of the stock.

Appreciate your time. Thanks so much.
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