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Hi Ralph,

If you bought a put, and don't own the shares, and the put gets exercised at the end (in this case, the stock is below $30) you will end up SHORT shares at $30 (minus the premium you paid, so maybe $28ish). So, you probably don't want that, unless you are bearish on the stock.

It was a mistaken trade, so probably your best course of action is to Sell the Close the puts at the going price, and move on. Or, then sell to open new puts -- your original intent.


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