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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (9431)	2/5/2006 6:32:51 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 12411

Okay, look at it this way. You own 10,000 shares of XYZ. You decide to sell 50 calls. ------ If someone asks you if you have a position, the natural reply is to say "I'm short 50 March calls", no? I would not know of another way to say it briefly, unless I said "Covered calls". I used to sell puts against equities I wanted to own more of. Technically, I believe I was short those puts. using the term "shorting options" is not really correct Maybe, but I would say that's the convention. People understand what you are saying right away.