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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: burner who wrote (11020)	6/11/1999 10:40:00 AM
From: Jon Tara	Read Replies (1) \| Respond to of 14162

Dan, first of all, you would need a commodities account to trade gold options. You can't do this in your stock options trading account. Unfortunately, this has to be a completely separate account. It isn't possible to get an account where you can trade both. What you describe is called a spread. You haven't specified which option you intend to buy and which you intend to sell, though, so I don't know if this is supposed to be a "bull spread" or a "bear spread". There's a whole thread about spreads - it's called "Credit my Debut" - look it up - so I won't try to describe how spreads work and various spread strategies. I suggest you go to that thread and read some of the posts to understand spreads.