If I purchase a put contract why would I in any situation exercise my contract??? ( buy the stock) if my intentions are to actually not own them?
Do I just cash out before expiration?
Or just let it expire on it's own? ( Assuming I'm still in the money by expiration )
Or Are Puts purchased to actually wanting to buy 100 shares at a ruduced rate?
Since your willing to buy at current price then certainly at a lower option.
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