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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (57884)	4/16/2003 12:35:17 AM
From: Sully-	Read Replies (1) \| Respond to of 65232

Almost. Puts are the opposite of calls, just like going short is the opposite of going long with stocks. Puts are options just like calls. You sell puts when you think a stock is going up, just like you sell calls because you think a stock is going to go down, or stay flat. You can buy puts if you think the market is going down, just like you can buy calls if you think the market is going up. I've probably confused you, but I think that what I described is correct. Ö¿Ö