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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (4143)	12/11/2000 6:00:46 PM
From: Peter V	Respond to of 19633

Sell deep in the money calls is the same as shorting the common except for that pesky expiration date. All my options would pay off if I could get rid of that. :-)

To: Tom Hua who wrote (4143)	12/11/2000 6:07:49 PM
From: thestockrider	Respond to of 19633

HAND was available at ETrade twice today. -thestockrider

To: Tom Hua who wrote (4143)	12/11/2000 8:49:55 PM
From: peter michaelson	Read Replies (2) \| Respond to of 19633

Not an original idea of mine, but I sold some HAND May $75 calls today for $13 and change. If I end up short the stock, my average price will be $88. The downside to this strategy is that you have to put up the same amount of margin as if you had shorted the stock, and the upside on the position is more limited than a short sale. All in all, it's a lower risk, lower reward, higher transaction cost way to short a stock in short supply. Peter