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Non-Tech : FIDELITY INVESTMENTS BROKERAGE "SERVICE"
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To: Dinesh who wrote (24)8/6/2009 7:53:00 PM
From: wilywilly  Read Replies (1) of 31
 
Dinesh,
Are you talking about rolling out an covered call using a single "diagonal spread" order? I do it all the time in my & my family's Fidelity IRAs. Maybe I haven't been so close to having 0 cash that the buy back of the short call would momentarily consume all my cash, but I'll check carefully, because I know I'm often very close to 0, and can't remember ever having an order rejected, even for deep ITM calls. I was under the impression that the spread executes as a single order, with net credit/debit as specified in the order.
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