Selling itm (covered) calls the same as shorting the stock?

[wxytrader]

***I always put the stock and call spread on ONE order. Not sure why you think that's a bad idea. This way you don't have to worry if the stock takes a sudden move after you've sold the stock and working the call spread order.

Totally...what if my power cuts out or something? I don't ever leave anything to chance. Speaking of leaving things to chance...why isn't there a checkbox when selling short spreads to close @ expiry if short strike is itm or something. On tos you could put a conditional order to close an option if price of the underlying reaches a certain price, which is great since you won't know what the future premium will be to set up a limit order.

But instead the brokers feel it is a better idea to let the position fall into a margin call if price gets pinned between strikes and you don't close it...and then they try to put the onus on you like its your job to manage their money lol.

 

[taowave]

So you dont know what the premium will be,but would rather have your broker go to the market to close the short leg of a spread instead of working the order yourself??

You don't close it,that's on you

Totally...what if my power cuts out or something? I don't ever leave anything to chance. Speaking of leaving things to chance...why isn't there a checkbox when selling short spreads to close @ expiry if short strike is itm or something. On tos you could put a conditional order to close an option if price of the underlying reaches a certain price, which is great since you won't know what the future premium will be to set up a limit order.

But instead the brokers feel it is a better idea to let the position fall into a margin call if price gets pinned between strikes and you don't close it...and then they try to put the onus on you like its your job to manage their money lol.

 

[poopy]

He said he was short on cash so I suggested he sell the stock and buy the call spread which puts ~$1,000 cash per spread into his account.
I never said he "SAVES" $1K.


I suggested he "roll" the SPREAD if the stock gets to 16. I wasn't telling him to roll the stock.

***I always put the stock and call spread on ONE order. Not sure why you think that's a bad idea. This way you don't have to worry if the stock takes a sudden move after you've sold the stock and working the call spread order.

bc it's r*tarded. You're forced to trade a complex order that nobody wants and I guarantee that the fill will be better on the separates. You're adding D1 (shares) to a D1 option ticket. It's an IQ test. lol a sudden move. \

Embedding a synthetic into a complex ticket, i.e., embedding a bear vert in calls into a complex call spread makes sense as the synthetic is rolled into the complex order. Your sht is just dumb.

 

[wxytrader]

bc it's r*tarded. You're forced to trade a complex order that nobody wants and I guarantee that the fill will be better on the separates. You're adding D1 (shares) to a D1 option ticket. It's an IQ test. lol a sudden move. \

Embedding a synthetic into a complex ticket, i.e., embedding a bear vert in calls into a complex call spread makes sense as the synthetic is rolled into the complex order. Your sht is just dumb.

What the difference between doing three separate orders and stacking one single order? Every leg of the order should be filled seperately and then the broker should figure out where everything goes.

 

[poopy]

Totally...what if my power cuts out or something? I don't ever leave anything to chance. Speaking of leaving things to chance...why isn't there a checkbox when selling short spreads to close @ expiry if short strike is itm or something. On tos you could put a conditional order to close an option if price of the underlying reaches a certain price, which is great since you won't know what the future premium will be to set up a limit order.

But instead the brokers feel it is a better idea to let the position fall into a margin call if price gets pinned between strikes and you don't close it...and then they try to put the onus on you like its your job to manage their money lol.

lol your one lot is going to blow you out? Get a VPS.

 

[wxytrader]

lol your one lot is going to blow you out? Get a VPS.

Didn't you just trade a 1/2/1 MARA fly
Anyway, it's a good idea. Of course, brokers aren't known for coming up with good ideas... I literally had to point out that my brokers p&l chart was broken for spreads. How does that go unnoticed ?

I think me and you P are part of the few who actually analyze their trades.

 

[taowave]

Dude,we have seen your trades..

There is no analysis happening..

There's a reason you have to worry about margin call for a 1 lot on a 15 dollar stock

Didn't you just trade a 1/2/1 MARA fly
Anyway, it's a good idea. Of course, brokers aren't known for coming up with good ideas... I literally had to point out that my brokers p&l chart was broken for spreads. How does that go unnoticed ?

I think me and you P are part of the few who actually analyze their trades.