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Strategies & Market Trends : Daytrading OEX options with a method, not a trading system
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To: sammy levy who wrote (50)8/11/1999 11:10:00 PM
From: maintenance   of 62
 
Writing covered calls is identical to selling puts. The one difference is you pay no commissions to buy or sell the stock. Covered calls is an inferior strategy. Plot the profit/loss v. stock price, they're the same. There are margin requirements to sell puts though.

If you sold covered jan 10 calls, that's an opening position. If you then sell 10 jan calls of the same strike, that's a closing position. Opening is a new position, closing is closing the previously open position, that is you no longer have a position.

Cheers
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