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To: Jerry Miller who wrote (24)2/4/1998 2:54:00 PM
From: Mike Naiditch  Read Replies (2) | Respond to of 339
 
Short Stock + Short Puts

When the firms were buying puts, I had to take the other side. Then, I hedged by shorting stock. So yes, I am "short" stock, but hedged. My position resembles a short straddle, where I hope we stay in a trading range for a while.

Due to certain regulations, I cannot publicly comment on my opinions about the stock price.

Tower Trading DPM
towertrading.com