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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: Senator949 who wrote (8827)10/14/1998 9:58:00 AM
From: Joseph Francis Torti  Respond to of 14162
 
Hi, I just made my first covered call buy, I sold november 60 for 5.00. Waterhouse put 471.00 im my margin account which is premium minus commission. Now my question is why does it show 1,457.75 the next day. I thought it stayed at 471.00 until it gets called or I buy it back. joe





To: Senator949 who wrote (8827)10/14/1998 10:59:00 AM
From: Johndee  Read Replies (1) | Respond to of 14162
 
Robin, excuse me while I wipe the egg off my face. It seems to be going with the market. To me, the one penny doesn't seem to be strong enough to move it very far on it's own. What do you think?

Johndee


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