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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: the options strategist who wrote (284)	5/27/1998 3:34:00 PM
From: the options strategist	Read Replies (1) \| Respond to of 1729

Thanks dpl. anolan, dpl, James Hopkins if you are on this thread, anyone. Here's what I don't understand. Instead of using stop losses, James said way back when: "if your worried about a stock, buy it and short it against the book, and sell puts...if it gets put to you you keep the prem. and it closes the short...and you make the down side". If i short against the box and sell puts and the stock goes down and i get put the stock, how does it close the short. don't i have to buy the stock if it gets put to me. can someone explain the above statement in quotes. Thanks.