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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Stock Buy who wrote (29209)11/22/1997 2:31:00 PM
From: broken_cookie  Respond to of 58727
 
SB,

If it's the same account -- yes.



To: Stock Buy who wrote (29209)11/22/1997 2:40:00 PM
From: Jerry Olson  Read Replies (1) | Respond to of 58727
 
Stock Boy

You must BUY BACK the calls you sold....to close that position...



To: Stock Buy who wrote (29209)11/22/1997 3:01:00 PM
From: Snowshoe  Read Replies (1) | Respond to of 58727
 
When you trade options, you need to indicate the type of trade:

1) Buy to OPEN
2) Buy to CLOSE
3) Sell to OPEN
4) Sell to CLOSE

When you sold covered calls, you "Sold to OPEN". To buy them back and release your stock, you need to "Buy to CLOSE".



To: Stock Buy who wrote (29209)11/22/1997 4:31:00 PM
From: j g cordes  Respond to of 58727
 
No, you have to close out your position... (not that you can't also buy calls). You have made a contract which is settled at expiration, or by buying back the same position at market before expiration. That will release your stock... Unless, in the balance of your account you have equity to cover a naked position.


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