SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Covered Calls for Dummies Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: dday who wrote (910)6/5/2001 9:00:37 AM
From: adairm   of 5205
 
Thanks for the reply, Bob. No, I haven't checked with an Options Broker. I do my LTBH with Merrill Lynch, and on the rare occasion that I do an options trade I really have to spoon feed the info to them. I do have full options trading capabilities there. Spreads, straddles, naked puts and calls. I got the naked call capability because I once was thinking of implementing writing short straddles. (And cover the side of the straddle that went into the money.) Paper traded it a little, but found that I'd really get whipsawed, so I decided against it for now.

I have full options capability at ETrade except naked calls. I believe they just don't allow it. I don't want it, except for the situation I described earlier. I guess I could call 'em up and talk to a broker on the phone. I have done that in the past. (They actually do have brokers!)

I guess I've never traded options actively enough to want to open an account at an options brokerage.

I guess I'm also reluctant because my impression of an options brokerage is similiar to a high pressure used car dealer! (Please don't take this personally!) But I'm afraid the broker would try to push trades on me, and push me into plays I'm not comfortable with. (Butterfly spreads and all that stuff...)

I really want to Keep It Simple.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News