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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: alanrs who wrote (5127)3/30/2011 9:18:38 AM
From: ValueGuy  Read Replies (1) of 5205
 
Thanks ARS

Yeah I think IB are the best but since I am just starting out, been saving up the $10k minimum to be eligible to open the account.

I guess why I want to practice first is due to the fact that I have no idea how to write a put! (I am using TD Ameritrade at the moment and they only allow cash secured puts, so probably won't use the strategy of naked puts until I open the IB account)

Basic newbie question: When writing puts, do you put in a "sell to open" order? How will you know the amount of premium that can be collected? (I know...I have to do more reading! But hope that this is an easy question)

Will try and check out the software, but I'm probably the same as you as I like to keep it simple.

Do you involve weekly options in your strategy? There was a post in Big Dog's Boom Boom Room about this...found it interesting so may give it a go...will include the link in my next post
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