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Yes. You could also sell another 'covered call' on that date with a
December expiration if it is 'not called away' or you don't sell the stock
itself. That way you can lower the cost of the stock.
-----Original Message-----
From: Bush, Dean <deanbush@xxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, November 01, 1997 3:25 PM
Subject: Beginner with Call question...
>I hope you can help me.
>I'm considering selling the UIS (Unisys) Nov 15 Call. (I own the underlying
>stock).
>My question is: If I do this on Monday, and the expiration date is
>obviously November 21, does this mean that the premium I'm paid goes into
>my account and that I hold the underlying stock until option expiration,
>and after expiration I can sell the underlying stock and keep the call
>premium too?
>Thank you for your help.
>Dean Bush
>
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