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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: Vegas who wrote (8989)11/10/1998 1:07:00 PM
From: Night Writer  Read Replies (1) | Respond to of 14162
 
You cover a call you sold, by buying it. I am not familiar with E*Trade. I would assume it would be the same as placing a buy order for the call.
NW



To: Vegas who wrote (8989)11/10/1998 4:26:00 PM
From: Mike Maxton  Read Replies (1) | Respond to of 14162
 
When using E*Trade, as you suggested, do the following:

To write a covered call: Go to the Options order page, and SELL to OPEN. Enter the number of contracts and the symbol.

To cover, or close out the option, BUY TO CLOSE.

mike maxton


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