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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (58720)	7/17/2002 9:10:23 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Strictly speaking, when you buy one month and sell another, you do not have a naked short but are covered by the long option. Since the difference can only go to $0 realistically in a well traded set of options, you have limited your liability. They don't make enough heart medication for me to go short futures. Many, many years ago I covered my 10 short corn futures contracts the day before corn went limit up for about 3 weeks straight (looks like that might happen again???). That day was the last day I traded futures!