02-03-2011, 03:48 PM
Grieve, I'm digesting a bit of what you posted. It sounds like you are writing naked calls. I know you own Apple, but not sure about the others. Ive never dipped into writing calls or puts, but used options to "gamble" that a stock I dont own was going to move, or to protect a stock that I do own.
When you "Sell a Call" you are the writer of the option, and thus you now have to be able to cover it if the purchaser deems they want to execute the contract.
When you "Sell a Call" you are the writer of the option, and thus you now have to be able to cover it if the purchaser deems they want to execute the contract.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
![[Image: maull2.gif]](http://bengtel.com/maull2.gif)
"If you want to change the world, be that change."
--Gandhi