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: Johndee who wrote (9449)	1/14/1999 6:58:00 PM
From: VincentTH	Read Replies (1) of 14162

JohnDee, Don't tell me you sold the DXGxx options (versus the regular FLC options). They are the old CDG options that are worth 170 FLC shares, and the strike price adjusted to 12.5/1.7 = 7.35 strike price. You must make sure that you are not going naked on those options or you will be in for a big surprise come expiration time. (I mean you have to make sure that if you sold 2 options, that you have 340 shares of FLC instead of the regular 200 shares). Check with your broker. I have mentioned this in an earlier post that you missed. //V

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