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Tag Archives: Legging in
Covered call trades: the brokerage statement

Executing A Covered Call Trade: A Step By Step Look At Our Broker Statement

Executing a covered call trade and understanding the accounting procedures on our online discount broker statements can be confusing to the new option trader. I have recently received a few emails regarding this topic so I thought it would be useful to show an actual trade I made with KORS, a stock on our Premium […]

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Covered Call Trade Execution

Executing Covered Call Trades: The Buy-Write Combination Form.

There are two ways to enter a covered call position. The first is called legging-in where the stock is purchased and then the option is sold. Two distinct trades are executed. The second is known as a buy-write order where the security purchase and option sale is entered as one trade with a net debit […]

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Types of Customer Orders plus Update on BCSI

When instructing our online discount broker as to the actions we want taken, we submit a customer order. These orders can take several different forms depending on our investment strategies and objectives. We can buy or sell; request a specific price or simply the best available price; we can stipulate an action given a particular […]

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