[lewdog]

Originally Posted by scho63

I bought puts as a hedge. I averaged down and the call premiums had no good value to write against the stock. Not worth it.

I've cut about $800 off my $2,000 loses so far.

Ok bud, I have covered calls down.

Now on to puts.

How did you buy a stock at $19ish and have it currently trading in the $17's but "made" money on it losing value? How do you short a stock you currently own and where does the money you make come from?

What do you mean when you say "I averaged down and the call premiums had no good value?"

Thanks for the help! I owe you a beer!