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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: Casaubon who wrote (10052)3/23/1999 9:19:00 PM
From: Sam  Read Replies (1) | Respond to of 14162
 
Hi everyone
Im new to options and trying to get this sorted out
Question;;
when you own the stock you sell open calls
If you decide to buy them back ,its a closed call
If you sell a call on a stock you dont own,is it a(short)what do you call it.
If you buy a call on a stock you dont own ,its an open call?
If this stock goes up and you want to exercise your option and buy will you be informed on the due date ?

how am i doing ?am I out to lunch
I do have an option account
thankyou

sam




To: Casaubon who wrote (10052)3/24/1999 2:34:00 AM
From: RDHickman  Respond to of 14162
 
Causaubon, You got me! I was concerned about that statement myself.
Note: I said "a" worst case - not "the" worst case.
In context, I was responding to a "what if" in relationship to a run-up. In a previous message I noted that if the equity tanked fast everyone involved would be hurt, even with a Protective Put in place.
Thanks, /Dick


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