SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: uel_Dave who wrote (4091)3/2/2000 8:58:00 PM
From: Poet  Read Replies (1) | Respond to of 8096
 
David:

To write covered calls, you must own the underlying stock.

"sell to open" xx contracts of the (insert month here) (insert strike price here). ie, "I want to sell to open three QCOM March 150 contracts, at market (or at a limit of X)

To close the position:

"buy to close"



To: uel_Dave who wrote (4091)3/2/2000 9:05:00 PM
From: Jill  Read Replies (1) | Respond to of 8096
 
I'm not sure what software you use, but basically you've got it right. You sell to open. You buy to close. No, you don't need to let it expire. Depends on your goals and the marekt. Let's say QCOM runs up to 146 or so again. You could sell cc--April for instance--and if it downdrafts to low 130s again, buy them back. If you make 50% (keep 50% of the premium, in other words) that's still pretty good.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News