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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: backman who wrote (6058)	11/18/2001 11:47:36 AM
From: Jim@Inland	Respond to of 6873

<<<Have you ever had any significant mishaps selling 'em naked?>>> I used to have one stock that I would constantly get called on. Every month, my call options would result in me being assigned the short position. So if that's a mishap the answer has to be yes. Selling naked options is merely a "get short the stock at a better price " strategy. It's not a matter of taking advantage of huge leverage. In fact that is very dangerous. Naked call options should not be sold in a bull market. The stock that used to constantly get called from me was a company called HOMS. cheers Jim