On Sep 17, 2007, at 11:09 AM, Taylor J. Smith wrote:

By what time on 9-21-07 must the Short Seller deliver the stock?

Horace Heffner wrote:

It depends on the exchange on which it was written and traded. You  
may be referring to FTSE (London) options, which would (I think)  
expire late Friday morning EST.  For the US see:

http://www.writingputs.com/expiration.htm

Hi Horace,

>From that website, it appears the market has to tank
before 4 pm EST on Friday.

With US carrier groups concentrated around Iran, this is
a rare opportunity for the Chinese to do a lightning
occupation of Taiwan.  It looks like they have the
necessary ability to disrupt US communications.

Jack Smith


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