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Technology Stocks : America On-Line: will it survive ...?
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To: Investor-ex! who wrote (8063)2/21/1998 5:07:00 PM
From: The Duke  Read Replies (2) of 13594
 
"Have you considered a "covered" short sale? i.e., maybe short some shares and then sell some nice fat, near the money puts."

Correct me if I'm wrong, 'cause I'm no arb., but doesnt short stock+ short puts= naked short calls? A call plus short stock is a synthetic put, so a put plus stock is a synthetic call. short 'em both and you get a synthetic short calls.

not that i'm necessarily against shorting calls on AOL :), it's just good to know what you are REALLY doing, in some sense.

eric
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