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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: alanrs who wrote (2496)	9/25/2001 4:28:44 AM
From: Dr. Id	Read Replies (2) \| Respond to of 5205

You're absolutely right. I guess I think of QQQ as an option because it's not a stock and is often used to hedge a high tech portfolio. Shows how much my head is not into this stuff right now. Still, shorting an index right now would scare me much more than shorting a specific stock. Any shorting is scary in that the downside is unlimited. With selling puts, while you can lose a bundle (and I have...), at least there is a limit to how much you can lose. With shorting a stock or an index, you can theoretically lose everything. To me, to short a market that has already gone through several corrections (and arguably a crash), shorting seems like an extremely dangerous gamble. If right, one stands to make a little money. If wrong, one could lose a bundle. Dr.Id@ifbearishwhynotjustbuyputs?pov