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Strategies & Market Trends : Waiting for the big Kahuna

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To: Jack of All Trades who wrote (52195)	6/13/2001 4:44:19 PM
From: Gersh Avery	Read Replies (1) of 94695

With naked puts you can figure out an absolute number for cash reserve. ex: I sell a contract with a strike of 20. That means that I might have to buy 100 shares of that stock at $20. $2,000.00 period. It's almost like putting a limit buy order. For naked calls no such number can be put together. BTW .. one trick that I caught my broker trying to pull .. "so you wnat to short a put?" "NO. I WANT TO WRITE A PUT. Why should I pay you interest for something that I back up 100% with cash?" Shorting something requires margin ..

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