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Strategies & Market Trends : Options
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To: edamo who wrote (543)1/3/2000 2:39:00 PM
From: taxman  Read Replies (1) of 8096
 
i spoke to dreyfus and they told me that you would need to deposit $50,000 in cash to exercise an option (assuming it is the sole asset in your account) with a strike price of $100,000 regardless of the value of the underlying. this is consistent with what jill posted. does your broker waive this rule?

regards
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