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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (12414)1/7/1999 5:56:00 PM
From: Judy  Respond to of 34810
 
Tom, one cannot do spreads or short options unless the account is set up with the right level of options privileges. Requires level 3 to do naked calls, etc. Check with your broker.

As an example, you could sell Feb 140c against your position and collect the prems. The prems are rich, and the disadvantage is that the upside is limited.


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