Covered Calls on Futures: How They Work
Covered calls on futures have no shares to cover: assignment hands you an offsetting short future, and SPAN margins the package. See how the numbers work.
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SPX Options vs ES Futures Options: Which to Use
SPX options vs ES futures options, side by side: $100 vs $50 a point, cash vs futures settlement, SPAN 2 vs Reg T margin, 23-hour sessions and 60/40 tax.