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Colin:
The usual terminology of option traders for a short put is "Naked
put".
You need level 3 option approval to write one.
Leslie
p.s. There are plenty of clowns who promote this strategy.
In a study done by Value Line Option Survey, this worked pretty
good
until about 1990. Average annual return on equity was close to
10%.
Since then, it has been a reliable money LOOSER.
Beware of 'free advice'.
cwest wrote:
>
> Given that a synthetic long stock is a long call and a short put (at the
> same strike), and a covered call is long a stock and short a call, is it
> a misnomer to say that a short put is a synthetic covered call?
>
> Thanks in advance
> Colin West
--
Regards,
Leslie Walko
610-688-2442
--
"Life is a tragedy for those who feel, a comedy for those who
think"
Horace Walpole, 4th earl of Orford, in a letter dated about 1770
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