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To: Zbyte who wrote (4521)6/26/1998 8:24:00 AM
From: Turboe  Respond to of 12617
 
It is when I short a stock right after I get out of the shower...



To: Zbyte who wrote (4521)6/26/1998 8:46:00 AM
From: dpl  Read Replies (1) | Respond to of 12617
 
Jeff.you might be thinking of being short an option(put or call) which is called being "naked".

David



To: Zbyte who wrote (4521)6/26/1998 11:26:00 AM
From: TFF  Respond to of 12617
 
Jeff the term naked would mean that you are not also long the security.



To: Zbyte who wrote (4521)6/26/1998 9:05:00 PM
From: steve goldman  Read Replies (2) | Respond to of 12617
 
Naked short, if not already defined for you:
Selling a call/put without long stock/short stock position against which the call is written.

A short naked call exposes you to unlimited losses as stock could to go infinity and you'd have to delivery stock against the call.
A short naked put has more limited but still significant risk as stock could fall to zero, be put to you at the strike and you'd ahve no market into which to sell your recently acquired stock, acquired at the strike price

Reards,
Steve@yamner.com