I've seen the term mentioned a number of times, but I can't find a definition of what the term refers to. Could someone give me an explanation of "bullets" and how they're used. Thanks
- - - -- - - - - - - Bullets, also married puts, are a combination of option and stock position that allows you to sell the stock short on the downtick. There are lots of discussions on this subject on ET, try the search for the thread "Bullets and conversions"