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To: hpeace who wrote (23444)	11/27/1997 11:43:00 PM
From: McNabb Brothers	Respond to of 176387

steve, I wrote this to Meathead on another post in case you did not see it! Please let me know what you see wrong with my thinking on how I trade my options the way I do! <Yes I have traded the way you and steve have shown me, but remember I am more than willing to go short any stock that I sell naked calls on especially if they go up to some of the strike prices that I'm selling! I sold my first stock short a little over two years ago, but before that when I started selling naked calls on stocks about six years ago I did do alot of hedging by buying calls 5 point higher! Like I said before I think that I have traded as many ways you can trade options, and this is working for me! Each person is different in their comfort zone of trading and investing! I do not care for the amount of margin it requires, since if I have to go short the stock I would have to have every bit of that margin in the account anyway! Keep posting to me for I'm always open for recommendations! Please let me know what is wrong with my trading naked options as I do if I'm willing to go short! Also remember I'm a firm believer that options are meant to be sold and what some people will pay for puts to protect longs and what they pay to buy calls to protect shorts is very very expensive insurance! If one is that scared of a position he or she would be better off in a bank CD! I'm very thankful that there are those people out there that are willing to pay me for that protection or what ever reason they may have when buying options though!> Hank