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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: robert read who wrote (10916)	5/27/1999 6:42:00 AM
From: Greg Higgins	Respond to of 14162

Depends on the contract you signed with the brokerage firm, but typically, yes. It is the broker's responsibility to ensure the stock is there if you get called. This is not normally something you need to worry about. Now you might be wondering if there are ways to prevent your broker from lending your stock out for shorting. Yes. You can be very rich and trade so frequently that your broker will allow you to modify the terms of the standard contract. You could also become an exchange member. Your sister's kid could start a brokerage firm and you become their first client. None of these options are likely for most of us.