Options Message Board - Msg: 13255211

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Strategies & Market Trends : Options

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To: Jill who wrote ()	3/22/2000 8:31:00 AM
From: bowledover	Read Replies (4) of 8096

Just posted a similar message on Voltaire's board. Would appreciate any help/clarification. Is there a difference between "writing a covered call" and "selling a call." From what I have read in McMillan they are the same transaction yet I seem to recall having read a message once (on this board or the Porch) that they are not the same transaction. Hence I'm confused. We have two accounts with two different brokers: one (DLJ) has a trading screen that says: buy calls/puts close calls/puts covered calls The other broker (Siebert) says: (I'm listing only the pertinent categories) buy calls to open buy calls to close sell calls to open sell calls to close Would 'selling a call to open' be the same as 'writing a covered call?' I've read McMillan but I'm not clear. Appreciate any help. bowledover

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