thanks bear, how do you do it with your broker (credit/cash)? i want to get a feel for the margin calls and/or possible options available...i think i want to do put options but i dont want to end up selling pencils if it goes south (or north i mean)....i'm gonna have a long talk with my guy before i do it but i dont want him to get the feeling i'm completely clueless and give me the ol' "jp morgan handshake" from behind....