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Covered Call Options

  • 28-07-2008 1:36pm
    #1
    boffin54321
    Registered Users, Registered Users 2 Posts: 80 ✭✭


    Anybody know how you'd go about writing a covered call opiton on say IBM stock on the US stock market? Also what are the fees/best brokerage to use?


Comments

  • #2
    xt40
    Registered Users, Registered Users 2 Posts: 174 ✭✭xt40


    boffin54321 wrote: »
    Anybody know how you'd go about writing a covered call opiton on say IBM stock on the US stock market? Also what are the fees/best brokerage to use?

    its easy through a us broker.
    eg etrade
    trading ->options -> sell to open
    options are sold in batches of 100 called contracts and pricing is done on 5c increments
    fees vary dependent on the size of your account. i pay 1.5usd per contract.

    not so easy through irish broker.
    i asked davy about buying/selling options about 2 years ago.
    the first person i spoke to didnt know what they were. someone rang me back and said they would organise it for me but would need a weeks notice
    and there would be a minimum trade size of 10000 euros.
    what a joke.


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