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To: Bilow who wrote (930)	12/6/1997 11:58:00 AM
From: zTrader_77	Read Replies (2) \| Respond to of 164684

Are you are saying that put options are better than short positions? I have been struggling with this question for some time. With the options you are sure to lose if the stock does not go down in a few months, plus it has to go down a lot further before you make money - because of the premium you paid. With shorts you can wait forever, get in and out as you please and the stock price only has to swing a small fraction of a point before you can make money - depending on how many shares you short. Of course if the stock stays up forever you will need nerves of steel. And there is the risk of the stock being called. Explain to me why you think options are better than short position. Adios