please help !!!

This sounds like a 'shakira' job ... hmmmm

Quote from overlandpark:

Help ,

I'am a new IB Trader, and I'am going short on EBay with 100 per cent margin, holding

10,000 shares. My share price is about $ 43.00, due to the market movement upwards. I do

not want to buy cover right now as it would create a great loss for me.

I would like to buy 100 December Call Options, with a strike of $35.00 as a hedge to

cover my short position, but I'am not for sure exactly how to do this......

Will this work ?

If it does work, then When and how do I purchase and exercise the contracts ?

Do I need to place $350,000.00, in my account to cover the share purchases ?

Should I call a Broker for help with this ?

Thank you very very much for your input ....
 
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