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Strategies & Market Trends : Option Spreads, Credit my Debit
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To: KFE who wrote (1295)3/27/2000 8:45:00 PM
From: jjs_ynot  Read Replies (2) of 2317
 
Ken or anyone,

Do you know the mechanics that are used to set up an "Unwind" Order for a covered call (buying the call and selling the stock). The bid/ask on the call is much larger that the bid/ask on the stock for the stock I currently have in a covered call.

If the order is set up based on the ask of the underlying and the bid of the call, and uniwnd will work well for me.

If the ask of the short call is used; it seems unlikely that the order will ever get executed and I am probably better to leg out.

Regards,

Dave
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