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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Stuart C Hall who wrote (458)	2/23/1999 7:46:00 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 10768

I am not sure what you are asking. As I see it, the only reasons to be both long and short are to (a) lock profits, and (b) make sure that you have access to the short position without losing money while it is going up. Today's financial tools are very different than Livermore's time. So if you really think you have a handle on volatility, then you should just buy both call and put options (a.k.a strangle) or if you think the volatility will die down, then you's sell both call and put options (a.k.a straddle). hope this helps, Sun Tzu P.S. I am reducing my short position but not my bearish stance. P.P.S Do not embark on playing the options lightly.