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

To: robwin who wrote (2243)	8/25/2001 3:53:45 PM
From: FaultLine	Read Replies (1) \| Respond to of 5205

any comments would be appreciated... IMO? KISS... --dfl

To: robwin who wrote (2243)	8/25/2001 4:48:12 PM
From: BDR	Respond to of 5205

I notice that this whole subject is under the section for institutional investors. Speaking just for myself, I don't play in that league: "One E-FLEX option contract represents 100 shares of the underlying stock. 250 contracts or 1 million notional, whichever is less, is required for opening a new Equity FLEX series. A minimum of 100 contracts (or a participant's entire remaining position for a closing transaction when it is less than 100 contracts) is required for trading a currently open E-FLEX series. " 20 contracts is a big deal for me. Besides, even if I could meet the qualifications, I would have to wonder about liquidity. It is thin enough with the standard options.