Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: NateC who wrote (10586)	4/30/1999 12:14:00 AM
From: Jon Tara	Respond to of 14162

That's not a CC, though - it's a spread. That's going to be a problem with many brokers. You can do it more easily if you go with a good options broker, like Preferred, that requires only statuatory margin, and a small equity requirement for spread approval. ($10,000). NateC wrote: "why notconsider buying LEAPS instead of the underlying stock." "DELL is at $41 and change....but you can CC it as much as you want...by buying the Jan 2001 LEAPS calls....the 35 S/P is about $19...and the 40 S/P is 17.50"