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	<title>Comments on: TOS Does it Again</title>
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	<link>http://theoptionguru.com/blog/2010/01/tos-does-it-again/</link>
	<description>Covered Call and Option Spread Trading for Income</description>
	<lastBuildDate>Wed, 28 Jul 2010 17:05:12 -0700</lastBuildDate>
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		<title>By: Jeff</title>
		<link>http://theoptionguru.com/blog/2010/01/tos-does-it-again/comment-page-1/#comment-721</link>
		<dc:creator>Jeff</dc:creator>
		<pubDate>Fri, 22 Jan 2010 16:27:46 +0000</pubDate>
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		<description>Jacob,

Yes, that&#039;s one way (there are several, but use what you are comfortable with). As long as you don&#039;t have a long position on the same option (month &amp; strike), IB will assume it&#039;s a sell to open. Of course, if you do have any long positions, IB will sell them to close. If there is an imbalance, say you were long five and you wanted to short 10, then IB would sell to close five and sell to open 5.

&lt;em&gt;- Jeff&lt;/em&gt;</description>
		<content:encoded><![CDATA[<p>Jacob,</p>
<p>Yes, that&#8217;s one way (there are several, but use what you are comfortable with). As long as you don&#8217;t have a long position on the same option (month &amp; strike), IB will assume it&#8217;s a sell to open. Of course, if you do have any long positions, IB will sell them to close. If there is an imbalance, say you were long five and you wanted to short 10, then IB would sell to close five and sell to open 5.</p>
<p><em>- Jeff</em></p>
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		<title>By: Jacob</title>
		<link>http://theoptionguru.com/blog/2010/01/tos-does-it-again/comment-page-1/#comment-719</link>
		<dc:creator>Jacob</dc:creator>
		<pubDate>Fri, 22 Jan 2010 06:26:02 +0000</pubDate>
		<guid isPermaLink="false">http://theoptionguru.com/blog/?p=1352#comment-719</guid>
		<description>Jeff,

Thanks for the video on IB covered call trading it was very helpful.  Just a quick question, if I want to sell to open a cash-secured put in IB, do i just click on the bid price to sell, and will IB automatically know its sell to open?

Thanks,

Jake</description>
		<content:encoded><![CDATA[<p>Jeff,</p>
<p>Thanks for the video on IB covered call trading it was very helpful.  Just a quick question, if I want to sell to open a cash-secured put in IB, do i just click on the bid price to sell, and will IB automatically know its sell to open?</p>
<p>Thanks,</p>
<p>Jake</p>
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