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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: OX who wrote (11337)8/3/1999 11:24:00 PM
From: Greg Higgins  Read Replies (1) of 14162
 
OX writes:if a specialist did do this to offset her position... who does she sell the 40's to? another specialist? In a case like this, if it wasn't a spread play, I would think the specialist would cover with shares.

Yes. That is my expectation, they traded off to 2 other specialists.

Both McMillian and the CBOE book explain the calculation of how many shares of stock you'd need to buy or sell to maintain a market neutral position. I have neither with me at the moment.
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