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Technology Stocks : Micron Only Forum
MU 284.79-0.7%Dec 26 9:30 AM EST

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To: Knighty Tin who wrote (34630)6/9/1998 12:10:00 PM
From: valueminded  Read Replies (2) of 53903
 
Mike:

Thanks for responce on short stock, sell put. My problem with my broker is that he will let me short the stock just fine, no problem. However, he says I am not approved to sell a put against the short stock. (But I can buy the stock and sell the call)

According to him, if I want to short stock and sell a put against it, I have unlimited risk from the put not the stock - and in order to do that I have to apply for the margin level which allows naked puts. I told him he was seriously confused but it did not matter.
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