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Selling calls give you the write to sell the
stock at a certain price in the future. most writes if exercised are not
exercised until closer to expiration. A married put would be more equal to
a short sell.As long as the stock is long in your account it is considered
covered on an option trade.. Brokerage firms keep daily tabs on
this.. In accts where I have hedged where they are long stock and I want to
go short I still have to call to get permission to short........ On a rare
occasion if stock is not avail like earlier with KKD a firm can force you
to cover if they can not borrow.. it does not happen often but I have heard of
it happening before...
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
BobR
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, October 06, 2001 8:13
AM
Subject: Re: [RT] VERY HEAVY BLK activity
ON MSFT
Suppose I wrote some covered calls
against a stock in my margin account, does that then remove that number of
shares from the "loan" pool for others to short?
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, October 05, 2001 10:28
PM
Subject: Re: [RT] VERY HEAVY BLK
activity ON MSFT
Try ratio back spreads for one or bear spreads for
another. In one case volatility is your friend and you don't care
where it moves as long as it moves far and fast. In the other case you
need a move down. Either will accommodate short stock. There are
numerous other strategies that can utilize short stock, but this forum is
not the place to discuss it. Ira
Lee Morris wrote:
<FONT
face=Arial>how would heavy option plays
tie into this?? could the aval loanable stock be getting sucked up by the
firms to hedge option activity??? if so what would that option activity
be
<FONT
size=-1>-----Original Message----- <FONT
face=Tahoma>From: Dorothy K. Carter [<A
href="mailto:dorothy.carter@xxxxxxxx";>mailto:dorothy.carter@xxxxxxxx]
Sent: Friday, October 05,
2001 8:19 PM <FONT
size=-1>To: realtraders@xxxxxxxxxxxxxxx <FONT
face=Tahoma>Subject: Re: [RT] VERY HEAVY BLK
activity ON MSFT The average public
has to play by rules I layed out I believe.. The point
though was the list of stocks that were mentioned which
are very liquid widely held stocks...... so there should
not be a problem shorting those particular stocks......
that was my point... Your comments don't point to any
reason why those stocks would not be able to be shorted....... I
can't speak for dealers or market makers or specialists..
obviously they don't have to deal with uptick rule.......
the average investor does ... though there has been talk
about changing the uptick rule.. I know hedge funds are
pushing for that change... So the back to the original
question.... Do you really believe that this last week
there would be a time when stocks like MSFT, INTC,
ORCl etc could not be shorted unless the stock was not
available by stock loan of the particular brokerage firm that
this person was inquiring?????? ----- Original
Message ----- From: "Jacobson, Alex"
<AJacobson@xxxxxxxxxxxxxx> To:
<realtraders@xxxxxxxxxxxxxxx> Sent: Friday, October
05, 2001 8:10 PM Subject: RE: [RT] VERY HEAVY BLK activity
ON MSFT
> No uptick for dealer hedge trades in OTC stocks. The
$5 rule is to make it > marginable.
Stock that can't be margined are, in fact, shortable.....hard
> for the general public .. but very common overall.
> > -----Original Message-----
> From: Dorothy Carter [<A
href="mailto:dorothy.carter@xxxxxxxx";>mailto:dorothy.carter@xxxxxxxx]
> Sent: Friday, October 05, 2001 8:02 PM >
To: realtraders@xxxxxxxxxxxxxxx > Subject: Re: [RT] VERY
HEAVY BLK activity ON MSFT > >
> There are three things to my knowledge that determine if a
stock can be > shorted.. the first requirement is most
firms only allow margin on stocks > north of $5.....
then you have to get authorization from your broker's
stock > loan dept. to short it.. thirdly you
have to get an uptick...... all the > the examples
below fit north of $5 and we have seen plenty of upticks this
> week... so the only remaining question would be if the
firm's stock loan had > stock to loan.... I
know of no other requirements for shorting stocks.. >
enlighten me please if I've missed something........... best,
Dorothy > > >
> ----- Original Message ----- > From:
"Jacobson, Alex" <AJacobson@xxxxxxxxxxxxxx> > To:
<realtraders@xxxxxxxxxxxxxxx> > Sent: Friday,
October 05, 2001 7:50 PM > Subject: RE: [RT] VERY HEAVY
BLK activity ON MSFT > >
> It is not true. Other than tick restrictions.
If they became unshortable > for any period the industry
would have had to halt option trading. >
> -----Original Message----- > From: John
Nelson [<A
href="mailto:trader@xxxxxxxxxxxxxxx";>mailto:trader@xxxxxxxxxxxxxxx]
> Sent: Friday, October 05, 2001 7:37 PM >
To: realtraders@xxxxxxxxxxxxxxx > Subject: RE: [RT] VERY
HEAVY BLK activity ON MSFT > >
> At the Society of Market Technicians meeting last evening
one of the > participants mentioned that several of the
large popular stocks (Intel, GE, >
Mmicrosoft) were not shortable during the trading day. No one
would lend > these major stocks for shorting and thus
there was a strong uptrend in the > E-Mini.
> > I'm curious as to what other people
observed... could this be true? Does it
> indicate a form of "manipulation" and an attempt to move
markets higher? > > -- John
> > -----Original Message-----
> From: Dorothy Carter [<A
href="mailto:dorothy.carter@xxxxxxxx";>mailto:dorothy.carter@xxxxxxxx]
> Sent: Friday, October 05, 2001 11:16 AM >
To: realtraders@xxxxxxxxxxxxxxx > Subject: Re: [RT] VERY
HEAVY BLK activity ON MSFT > >
> I'm sure you noticed that "they" were buying MSFT
this morning trying to > keep it up to create firm tone
to get S & P traders to cover shorts... now > softy
below 57 again. Richard Ney was the person I'm most familiar
with who > is a big tracker of blks.. It
takes a while to get a feel for it and it does
> require a bit of intuition........ :-)
> > ----- Original Message -----
> From: BobR <<A
href="mailto:bobrabcd@xxxxxxxxxxxxx";>mailto:bobrabcd@xxxxxxxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>mailto:realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, October 05, 2001 2:10 PM >
Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT >
> That big block technique looks very intriguing. One
other rter used to > follow them. Believe it was
Gitanshu Buch. Right now we have the kiss of >
breadth going on in the Nasdaq. It looks improved from this
morning, but > the NDX has been inching up as the issue
and volume breadth has been and > remains net
negative. > View for NYA looks even sicker.
> > bobr >
> > ----- Original Message -----
> From: Dorothy K. Carter <<A
href="mailto:dorothy.carter@xxxxxxxx";>mailto:dorothy.carter@xxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>mailto:realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, October 04, 2001 11:08 AM >
Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT >
> USING MSFT data below.. note the lowest of the blks is 57..
MSFT has dropped > below the higher blk
trades which will now become resistance vs support..
so > once below 57 all the mutual funds that bot
softy are under water... These > stocks many are back up
to 9/17 or pre 911 and the specialists and market >
makers will jump at the chance to sell what they had to buy on the
way down > and then they will go short
again... I WILL CHECK AND SEE WHAT PRICES OF > BLKS IF
ANY ARE ON THE OTHERS... I BELIEVE I SENT CSCO EARLIER....
> > ----- Original Message -----
> From: BobR <<A
href="mailto:bobrabcd@xxxxxxxxxxxxx";>mailto:bobrabcd@xxxxxxxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>mailto:realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, October 04, 2001 2:02 PM >
Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT >
> Dorothy, using the big block concept, what do you see as
the sell levels on > these stocks?
Thanks, bobr. > > MSFT >
INTC > QCOM > CSCO >
ORCL > AMGN > >
> ----- Original Message ----- > From:
Dorothy Carter <<A
href="mailto:dorothy.carter@xxxxxxxx";>mailto:dorothy.carter@xxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>mailto:realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, October 04, 2001 10:51 AM >
Subject: [RT] VERY HEAVY BLK activity ON MSFT >
> This tech rally is getting long in the tooth....
> > > Symbol(s)
N/BLK
&
Services Date >
> Use Page Up, Page Down, +, -, or press
Ù > >
--------------------------------------------------------------------------
-- > ---- > 1:34 DJ
DJ Microsoft Corp (MSFT) Block: 194,700 Shrs At 57.80
> > 1:21 DJ DJ General Elec (GE)
Block: 287,000 Shrs At 38.35 >
> 1:21 DJ DJ Eli Lilly (LLY) Block: 250,000 Shrs
At 79.00 > > 1:17 DJ DJ
Barnes & Noble (BKS) Block: 275,000 Shrs At 38.00
> > 11:53 DJ DJ EDS Corp (EDS) Block:
190,200 Shrs At 57.65 > > 11:50 DJ
DJ Microsoft Corp (MSFT) Block: 190,000 Shrs At 57.96
> > 11:50 DJ DJ EDS Corp (EDS) Block:
190,200 Shrs At 57.65 > > 11:42 DJ
DJ EDS Corp (EDS) Block: 190,200 Shrs At 57.65 >
> 11:41 DJ DJ Microsoft Corp (MSFT) Blk: 250,000 Shrs
At 57.00 > > 11:41 DJ DJ Financial
SPDR F (XLF) Blk: 667,500 Shrs At 25.43 >
> 11:28 DJ DJ Microsoft Corp (MSFT) Blk: 250,000 Shrs
At 57.00 > > 11:13 DJ DJ Qwest
Communicat (Q) Blk: 627,200 Shrs At 16.45 >
> 11:12 DJ DJ Amer Intl Group (AIG) Blk: 200,000 Shrs
At 79.25 > > 10:57 DJ DJ Apt
Invest & Mgm (AIV) Blk: 250,000 Shrs At 43.20 >
> 10:57 DJ DJ Microsoft Corp (MSFT) Blk: 200,000 Shrs
At 56.70 > > 10:56 DJ DJ SW
Airlines (LUV) Blk: 890,000 Shrs At 16.25 >
> 10:49 DJ DJ Amgen (AMGN) Blk: 190,400 Shrs At
58.72 > > 10:38 DJ DJ Boeing Co
(BA) Blk: 444,800 Shrs At 36.10 >
> 10:38 DJ DJ Microsoft Corp (MSFT) Blk: 231,900 Shrs
At 57.00 > > 10:32 DJ DJ Apt
Invest & Mgm (AIV) Block: 250,000 Shrs At 43.20
> > 10:32 DJ DJ Amgen (AMGN) Block:
190,400 Shrs At 58.72 > > 10:32 DJ
DJ Microsoft Corp (MSFT) Block: 231,900 Shrs At 57.00
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