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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: ValueGuy who wrote (5153)	4/19/2011 7:19:24 AM
From: alanrs	Read Replies (1) of 5205

If there is no bid, it seems unlikely that anyone would take you up on an offer to sell. What you get for an option depends on the price at which the transaction happens. Willing buyer/willing seller, and all that market stuff. You seem to be considering situations with very low priced stocks. I've never sold options on such things, can't imagine the premium would justify bothering. Doesn't mean it can't be done, what I don't know would fill libraries. Don't know anything about the Canadian market, other than it exists and that there are various exchanges (Montreal, Vancouver, Toronto?). ARS

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