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To: F The who wrote (6317)6/17/1998 6:50:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Glenn, I like the idea. I continue buying puts, and keep loosing but I shouldn't stop
because persistency and consistency will pay off eventually or at least, will recover a
little bit. Believe it or not I can't write naked calls, and I should call my broker to let me
do that.


This is an an alternative but as you said risk is not minimized. I can vouch due to my maintenance calls again.

Well, it is a good idea to cover some of your shorts and replacing them with options is a
good way to minimize the risk a little bit.


I will impliment this if we see another huge up day. I have no idea where this is going to stop.

Glenn



To: F The who wrote (6317)6/17/1998 10:13:00 AM
From: Paul Merriwether  Respond to of 164684
 
<<

Well, it is a good idea to cover some of your shorts and replacing them with options
is a good way to minimize the risk a little bit.

>>

How does it "minimize" risk?