How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: VincentTH who wrote (8189)	8/11/1998 4:49:00 PM
From: mc	Read Replies (1) of 14162

I've been using Kennedy Cabot. Interestingly enough, Kennedy Cabot was recently purchased by Waterhouse. Apparently they haven't adopted Waterhouse policies. After I left that post I called them back to get clarification from them. I explained to them that this is not a naked put - it is a cash-secured put. They said the only thing they will consider as covering a put is an equivalent short position in the stock. I argued with the guy for a bit and finally got him to talk to someone at their main office in Beverly Hills, but, all to no avail. I think I need a new broker. Gary

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