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To: profile_14 who wrote (86179)6/12/2007 2:11:32 PM
From: miraje  Read Replies (1) | Respond to of 206325
 
Because you purchased leaps, you can still write short term calls against the position

Is that really true? Can you write short term CC's against ITM LEAP calls? Do all brokerages allow this? (learn something new every day..)



To: profile_14 who wrote (86179)6/12/2007 2:40:37 PM
From: ChanceIs  Respond to of 206325
 
>>>Because you purchased leaps, you can still write short term calls against the position to generate trading income and hedge the stock movement as you have been doing.<<<

Your suggestions are excellent. Helps pay for the time premium embedded in the LEAP held long.