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Ben - The Doctor is right - you still have essentially a
collar (hence a non-existent position) and a naked short put.
Why block the capital in the collar and why not simply be
short the naked put? At least your capital will be available to other trades
while your risk will be the same, commissions will be lesser and position will
be more amenable to future adjustments.
In any case - I've been wondering and its not been asked: what
are you trying to do in this trade?
Gitanshu
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