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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Brad Davies who wrote (1406)	1/24/1998 2:40:00 AM
From: Michael Berkel	Respond to of 18691

Cover your shorts in the oilfield service & drilling stocks. Clinton says he is prepared to use military power when the Iraqi's carry on with their refusal to let UN inspectors do their work properly. And read the following: biz.yahoo.com capita 2.html

To: Brad Davies who wrote (1406)	1/24/1998 3:27:00 AM
From: Bill Wexler	Read Replies (2) \| Respond to of 18691

Correct. If the stock falls below the strike price then your profit is limited to: The short price - the strike price + the option premium. The put also provides some protection against the stock moving against you. It is exactly the same as buying stock and selling out of the money covered calls. Depending on your broker, there may be no additional margin requirement. Most brokers will not require extra margin for writing covered calls against long positions, and some brokers will treat "covered" puts against short positions the same way.