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

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To: Dan Duchardt who wrote (10186)4/1/1999 1:00:00 AM
From: BDR  Read Replies (1) of 14162
 
<<Except there are only 60 contracts in existence, and NONE of them traded all day.>>

Someone please correct me if I am wrong, but my understanding of options is that there is no fixed number of contracts in existence at any given time. A contract is created whenever a buyer and a seller agree on a price to open the position and it ceases to exist when the respective positions are closed or the option is exercised. Not so?
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