Exercising a Put

Discussion in 'Options' started by masonyes, Jun 24, 2010.

  1. masonyes

    masonyes

    I've bought puts on BP and they are close to the break even point; so how exactly does exercising a put work?


    Thanks
     
  2. Call your broker.
     
  3. 5 stars, 2 thumbs up. :cool:
     
  4. ROFL
     
  5. Normally you sell the put, not exercise it.

    As BP made a new 52 week low today I would hope you are making money on the put and not just at breakeven.