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Strategies & Market Trends : Trading For A Living

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To: the options strategist who wrote (281)5/27/1998 2:40:00 PM
From: dpl   of 1729
 
>You buy the stock but don't understand "short it against the book"<

I think you mean "against the box"

This means that you are short and long in the same stock at the same time.The term"against the box" comes from the old days when someone would have their shares safely locked up in their "strong box"

This is different than "locking up greenbacks" :-)

David
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