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Non-Tech : The Critical Investing Workshop
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To: Uncle Frank who wrote ()3/22/2000 8:09:00 AM
From: bowledover  Read Replies (2) of 35685
 
To the Porch: would appreciate some clarity on the mechanics of CC's. Our broker's trading screen lists only "selling calls" as a choice. No mention of 'writing covered calls.' Our other broker (who limits us to only writing CC's - an IRA) uses the phrase "write covered call" on their trading screen.

Now, because I seem to recall a post once, either here or on Jill and Poet's thread, that 'said' "writing a covered call" is not the same thing as "selling a call" I'm confused and don't want to screw up. It may be I misunderstood that earlier post, or, recollect it incorrectly. Still, I wonder why two different brokers would use different language (Siebert and DLJ).

Would appreciate any help. Thanks in advance.

Standing at the edge of the pool ready to stick his toe in the water.

bowledover
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