The Critical Investing Workshop Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: lurqer who wrote (19339)	5/18/2000 10:39:00 PM
From: cowgirl-ona-1eyed-horse	Read Replies (2) of 35685

lurqer, I only VERY RECENTLY have started writing CC's, so I don't have alot of experience. I always seem to learn things the hard way. Maybe I can save you some frustration and $$$ too. Here are some things I've learned... Never write a market order online for covered calls (or any other option, I suppose), always a limit order. The order can go to one of several exchanges, and they don't always offer the same bid. (Your order may not go to the exchange offering the best bid) I use Waterhouse. The bid showing on their real-time quote is not always correct. In the future, I will call a Waterhouse options trading #, ask for the bids, and place the order through them. I figure it's worth the few extra bucks in commission to execute a more favorable trade. (It's only a 10% commission discount for online trades at Waterhouse) Best to check with your broker about details. cowgirl

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next