Re: [Schwager and covered calls]

[eds <eds1618@xxxxxxxxxxxx>]

It is the same as a short put. I am not familiar with the book you are
referencing, so I can not tell you what page. The best book I know of is
Natenberg's Option Pricing and Voltality Strategies. It was my bible when I
was on the PHLX.

Michael


omega-list-request@xxxxxxxxxx wrote:
I have a friend who is using covered calls.

I am almost positive that I read in one of Schwagers books that he explains
that a covered call is mathematically the exact same as an outright position
but costs twice as much in comission...I think it was during an interview.
Does anyone remember this, and which book it was in and maybe the page? I am
trying to help out a friend with the knowledge.

thanks

Andy