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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: hivemind who wrote (1030)	6/11/2001 9:28:41 PM
From: FaultLine	Read Replies (1) of 5205

RE: selling puts OK guys, I just called my Schwab team and they said I can sell puts at my current option level with one slight twist. They must be "cash secured" puts. That means when I sell the put it automatically ties up cash (equity or margin) sufficient to cover the contract exercise price. I said . "Great! That's exactly what I want to do." All I have to do to activate this capability is to fill out the options qualification form, attach a note saying I want to sell Cash Secured Puts and mail it in or drop it off at my local office. They'll "immediately" set it up for me. Sounds like just what the doktor ordered.... --dfl@soareyouguysgoingtomakemeloseallmymoney.com

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