Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

You mention shorting on upticks

If I was particular negative on a stock with some justification, I might write small number of naked call deep in the money taking in several dollars in cash in lieu of straight shorting a stock.
I see no particular prohibition of writing as many number of naked short calls as your heart desires but I think first several dozen contracts would be at or very close to market bid but the more you wrote the lower the bid price for the option would become if MM had to go out and hedge.