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Strategies & Market Trends : Canadian Options -- Ignore unavailable to you. Want to Upgrade?

To: Sleeperz who wrote (1272)	8/15/1998 4:45:00 PM
From: DAVID IN B.C.	Read Replies (1) \| Respond to of 1598

Hello Canadian Option Thread I have a question on trading stock options. I am fairly new to investing and have never traded options before. I understand the basics on options and have read a bit on how I can insure my long position against further declines(I understand that It might be a bit late for that now). So I am long Canadian Banks,and Bombardier I did not buy at their peak prices but at least 10% higher than Fridays close. Am I right in assuming that I could have bought puts to protect my downside as prices collapse? And now that I have the shares if I wanted to exit at less of a loss then fridays close shows me, is there anyway I could use the shares in my possession to do that?? Would really appreciate any help on this DBC