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Politics : Ask Michael Burke

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To: Judy who wrote (33779)10/11/1998 5:35:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
Judy, Just the opposite. I am long stock, short calls, long puts, so, synthetically, I am short a higher priced put and long a lower priced put. This is a moderately bullish position. Here is my infamous synthetic conversion chart:

1. Long Stock=Long call, short put.

2. Short Stock=Short call, Long put.

3. Long Call=Long stock, Long put.

4. Short Call=Short put, short stock.

5. Long put=Short stock, long call.

6. Short put=long stock, short call.

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