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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: benwood who wrote (69511)	9/8/2006 5:05:55 PM
From: mishedlo	Read Replies (1) of 110194

Covered call seems incorrect. Straight call seems correct. A covered call would be like buying a house and for a price, with an agreement to sell it later for a set amount no matter how much it rises, in return for collecting an option fee. A call gives the option holder the right to buy that house for a fixed price (the option money). There is nothing "covered" about putting a down payment on a house with the intent to walk away if the prices does not rise. Mish

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