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To: jim kelley who wrote (23743)12/1/1997 3:24:00 PM
From: Sig  Read Replies (2) | Respond to of 176387
 
Jim:
Is Pat out fishing thru the ice??.Drew playing golf in the snow???. What a sacrifice.....Oh,well.
Sig



To: jim kelley who wrote (23743)12/1/1997 3:38:00 PM
From: Rosemary  Read Replies (1) | Respond to of 176387
 
Jim,

I need to understand that trade a bit more. Is this correct?:

One sells naked calls at 90. The calls go up in price, so to cover before it hits 90 would be wiser no? It costs you money but once it hits 90 it gets called and a person has to buy the stock at 90. Is this correct?

Would you want to short more to pay the tab due?


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