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To: miraje who wrote (86181)6/12/2007 2:30:56 PM
From: profile_14  Read Replies (2) | Respond to of 206325
 
Yes, it is true, but I am sure it will vary with the brokerage firm because some may consider what I describe a calendar spread trade, while others may treat it as a covered call strategy.

In essence, that is affected by your options application at your brokerage firm. At Schwab (which I use) you can do it if you obtain what they designate as a Level 2 clearance. I have Level 3, which allows for naked put writing, but I seldom use it.

Best regards,