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To: Jill who wrote (6111)3/5/2000 8:40:00 PM
From: Boplicity  Read Replies (3) | Respond to of 35685
 
re: because you may be forced in the worst case scenario to buy the stock at a higher price than you wanted, simply in order to immediately sell it to the MM. That is why selling naked calls is considered very risky.

Or you can just go short. I nice way to go short too, they pay you to go short at a higher price. It is also a nice way to loss a ton of money since if you are going to get any amount of premium out the call you have enter into the play while the stock is still in an upward bias. Myself I like to go short (that's right I short but I never talk about it, too emotional for some posters, not worth the hassle with the emotions that are displayed by someone else on the other side of the trade. Ones emotion should not be a factor in ones investing) only when I see the stock has broken down and, as always, more important then chart, is there has to be a reason for the stock breaking down.

Greg