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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?


To: FaultLine who wrote (473)5/8/2001 2:47:44 AM
From: Dr. Id  Respond to of 5205
 
I had not fully realized what a
cash bind you can get into when attampting to unwind a cc.


As I said, selling covered calls requires no tieing up of capital. I didn't say anything about trying to buy them back! However, it sounds like that was more a function of your precarious position due to margin problems than it had to do with selling the calls (which gave you more cash toward your margin position).

Dr.Id@youwerenttheonlyonewithmarginproblems.pov