Can I exercise a put option if I don't have 100 shares?

say I only am purchasing around 60 or 70 shares perhaps, but would like to place insurance using a put option. What happens if I reach deadline and I have 70 shares I want to sell?

Submitted April 03, 2015 at 01:51PM by waffleduck18 http://ift.tt/1J0OBVV