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

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To: Herm who wrote (10087)3/29/1999 9:57:00 AM
From: RDHickman  Read Replies (1) of 14162
 
Herm, RE: Mr. Stock question
Called this morning and ask "If I purchased a L.E.A.P.S position, say a Jan 01, and later -- days or weeks -- wanted to sell a , say May 99 conventional Covered Call against the Leap, would the Online System recognize the the relationship or would I have to call it in"

Answer: "The System would recognize a Covered Call against an Equity position, however, currently, the System would not "see" the relationship of the Leap to the CC. You would have to call that in to our 800 Options Desk at the same commission as Online."

That is what you wanted to know, correct?
Have a GREAT day! /Dick

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