More often than not, when I read about options traders, I hear a lot about making adjustments to your positions. Recently I read an article in Sentiment magazine that was talking about Market makers selling naked calls that were out of the money, but as they approached the strike price they would begin to hedge their position by buying stock, thus creating a covered call position.
This go me to thinking about naked puts. You could apply the same concept by shorting the stock that you have naked puts on, thus accomplishing the same hedge. Just another what if scenario to add to the quiver.
Dom
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