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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who wrote (465)	5/7/2001 11:29:53 PM
From: T L Comiskey	Read Replies (1) of 5205

FL...."Also, did you know that you can buy and deliver "new" stock to satisfy an assignment rather than cough up the original low basis securities with high capital gains problems on which you originally wrote the call? It is true. Another good reason to have some freedom-of-action-cash around. --fl " Question...as options are 'called' on the 3rd saturday.........I assume One NEEDS to buy and deliver 'new' stock...on the friday before the close...and not later Correct..??? Thx Tim

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