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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Alexander Pavlov who wrote (13035)8/21/1998 12:55:00 PM
From: Mike Maxton  Read Replies (1) of 18691
 
I would have to agree with your broker on this one. It doesn't matter what order you use to add up the results of a long, a short, and a covered call. You have in effect sold a naked call. But after options expiry tomorrow, you will have your boxed position.

If holding all 3 of these positions on the stock is what your really want, I would suggest opening a new account with a different broker for your short position. I don't really see the logic in holding all 3 of these positions in one stock, however.

good luck,

mike maxton
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