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To: IceShark who wrote (13534)8/14/1998 10:29:00 AM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
Ice and Dr. Katz, try in-the-money puts instead of the "cheaper" OTM ones. Less time premium, especially on short expiries, so they would move pretty much dollar for dollar with the stock. Of course, potential losses per contract are bigger as the total premium is bigger, but if you want something closest to shorting, but with some limit on losses, that'd be it.

Regards,
Bob

PS: Disclaimer - Tactical tip only, not investment advice.