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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: OX who wrote (12813)	5/26/2000 8:10:00 PM
From: Casaubon	Respond to of 14162

thanks for that info.

To: OX who wrote (12813)	5/27/2000 5:42:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 14162

Hi Ox..being short against the box can come in handy as you can sell the long side in a flash and not get caught in the downtick rule..with the qqq there is no downtick rule but holding a short and just buying and selling, Speeds UP trades..they don't have to find the shares or OK the deal.. Any more I stay with a short bet and instead of buying to cover I just buy & or sell..damm the finding the shares all the time. ( also in some cases in the past I couldn't get shares to short )..staying short eliminates that problem, so far my broker hasn't kicked on it..but I think they could if they wanted to. Jim PS when you want to go long you just buy twice as many as you are short. PS2 I don't play options on the QQQ.. I did once but only because I knew she was going to fall and could not get the shares to short. The floor trades screw you on qqq options by skewing them a lot..if I did play qqq options they would all be in the money..( both ways) as it's harder for them to skew ITM options as much.