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To: freeus who wrote (104555)2/24/1999 2:52:00 PM
From: jhg_in_kc  Read Replies (2) | Respond to of 176387
 
freeus, you may need protection for your own good. <g> eom



To: freeus who wrote (104555)2/24/1999 3:01:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 176387
 
Freeus, you should be able to sell a "cash secured put". This does not require the use of margin, but the cash will be sequestered. If I were you I would give them a call now to get the ball rolling.

The point is, do not be premature in dealing with your short call position. Time is on your side -- take advantage of the time premium.

The other point to consider is that the bid/ask spread in options is outrageous, and the fewer times you give the market makers that spread the better.

TTFN,
CTC