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Strategies & Market Trends : Options
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To: Jill who wrote (6786)4/21/2000 7:55:00 AM
From: Poet  Read Replies (1) of 8096
 
Jill,

I love that quote from PMS Witch. :)

Selling covered calls is something those with level one options approval can do. Selling naked calls, I believe, requires the highest level of options approval because the potential for loss is (theoretically) infinite.

YYB asked asked a really good question. I know if one is bearish, there are bearish spreads that can be put in place on a stock or an index. I'm not familiar with the term "synthetic short" though.
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