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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: jebj who wrote (10484)	4/22/1999 1:08:00 AM
From: NateC	Read Replies (1) \| Respond to of 14162

sure jebj...and then youcan sell puts over and over again.......but youcan do this without owning the LEAPS put you know...it's just good protection

To: jebj who wrote (10484)	4/22/1999 9:41:00 AM
From: dr. z	Read Replies (1) \| Respond to of 14162

You can do anything you want with calls and puts regarding leaps. If I understand you correctly, you would have to check with your broker about whether you are set-up to sell naked options (selling a put) and how much margin you would need since you are buying the call and will have an obligation to buy the stock or rebuy the put if the stock declines below the exercise price at expiration. What you described would be considered a bullish strategy for someone who believes the stock will continue to move up.