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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: James F. Hopkins who wrote (12826)5/28/2000 9:55:00 PM
From: KFE  Read Replies (1) | Respond to of 14162
 
James,

True enough with stocks, but it does not apply to any of
the spdrs, (xl?'s )& DIA , MDY , SPY or QQQ.. with them there is no downtick rule and I almost never short a stock

Absolutely true but why would you short against the box then. It serves no purpose.

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..

Using shorting against the box to circumvent any short sale rule including "affirmative determination" is a violation. Never confuse what your broker tells you or lets you do with what is correct.

Regards,

Ken



To: James F. Hopkins who wrote (12826)5/29/2000 10:18:00 AM
From: Herm  Read Replies (1) | Respond to of 14162
 
You mean "up tick" rather than "down tick?" As in, first there has to be an up tick before you can short at your price.


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