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This wasn't my post and the answer doesn't make sense to me.
schnakeus wrote:
> No Ira, you still own the stock.
>
> Steve
>
> --- In realtraders@xxxx, Ira Tunik <irat@xxxx> wrote:
> > The same as selling a naked call. Why?
> >
> > Bryant wrote:
> >
> > > Buy back the strike at 32 and sell the next strike lower would be
> my
> > > guess, My question is this can you sell covered puts ,,,short the
> > > stock and you sell a put at the next strike down ,,,and with that
> put
> > > you have the obligation to buy the stock back or cover ?
> > >
>
>
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