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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: John Pitera who wrote (9881)8/10/2000 12:37:15 AM
From: Ilaine  Read Replies (1) of 436258
 
if you are long CSCO puts you are short the stock

You know this better than I do, so don't take this as a lecture but a question. With puts your downside is limited, with short it isn't, right? So if I bought a CSCO put for $2, my downside is $200, but if I shorted it, I could lose my @$$. So why say they are equivalent?
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