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Strategies & Market Trends : Roger's 1998 Short Picks

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To: McNabb Brothers who wrote (9615)6/3/1998 6:24:00 PM
From: Gotham Guru  Read Replies (2) of 18691
 
>> Just sell the call option on the stock and hope that it stays below the strike price and if it does you will pick up the premium you received when you sold it! The reason they call them naked calls is because one does not have any shares long in his or her account! An example I sold the Aug. 45's a few weeks ago for $4 and change and now they are selling for less than $1 3/4! Hope this helps!<<

Hank

Who in their rite mind would let you write naked calls?
This is extremely unordinary that any brokerage would let you do this.
Which one is it? You must have mucho mucho dinero and margin for this to be allowed-anyone else have the ability to write neked calls?

Instigator
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