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Technology Stocks : Brightpoint - CELL
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To: Amir Feinsilber who wrote (1288)1/7/1999 1:53:00 PM
From: jgercke  Read Replies (1) of 1999
 
Amir,
When you write a covered call the money is in your account on the next business day, since settlement for options is on a one day basis.
Similarly, when you close the position by buying back the call the funds necessary to pay for that transaction are debited from your account the next day.

jgercke
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