Some have stocks, no SPY position.

They have to think it in a slightly different way.

Their account may not allow them to sell naked call if they don't have SPY position.

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SPY is just an example. they can trade collar -putwriter- 给 putwriter 发送悄悄话 putwriter 的博客首页 (16 bytes) () 06/05/2010 postreply 20:06:04

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