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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Douglas Webb who wrote (6610)	1/28/1998 9:22:00 PM
From: VincentTH	Respond to of 14162

Doug, the problem as I read it, was that he cannot establish the spread being in an IRA account. Some broker house allows securing a T-bond as collateral in lieu of a margin account.

To: Douglas Webb who wrote (6610)	1/29/1998 8:24:00 AM
From: Jonathan Thomas	Read Replies (1) \| Respond to of 14162

Doug, I like the idea of dropping the 5 G's into the position and making sure I come out ok. I used the spreadsheet, and like my chances with a NUT of $7.75-8.00 This may be a dumb question, but can you explain how the transactions will work in this deal. Since I am covered, but short on the 29 calls, what options do I have before expiration, and on expiration. ie....what do you do to close this position? I'm sorry if this is a stupid question, just need to make sure I understand what I need to do. Thanks for all your help Ryan