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418 ExcellentAbout BigJohn
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Footballguy
- Birthday 07/21/1978
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http://subscribers.footballguys.com/myfbg/myviewstats.php?pos=rb&yr=2014&startwk=11&stopwk=14&profile=p
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Cincinnati Bengals
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True. I have Level 1 on Fidelity. I'm not jumping in head first. I'm just learning and trying to understand the mechanics before I advance any further.
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I did not realize holding the long call would be considered collateral for selling the short call. See, learning something new. Thanks!
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Ok. I'm an idiot. I fully understand that. I have begun researching different methods of call/put strategies, and I began reading about 'poor man's covered calls'. So, this is being sold as an alternative to normal covered calls because the upfront capital is not required to enter the trades. Example: Stock at $100 Purchase (Expiration 2) 90 call for $15 Sell (Expiration 1) 110 call for $5 Net debit = $10.00 on a 20-point-wide long call diagonal spread But, here is where I get hung up. In order to sell a call, do you not have to own 100 shares of the stock? So, the
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Pumping up my LT positions. Trying to avoid looking at my account balance...