Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 260.22

+0.4%

Dec 23 3:59 PM EST

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To: Math Junkie who wrote (48651)	7/2/2001 9:50:07 PM
From: Ian@SI	Read Replies (1) of 70976

Richard, My broker started me off with naked writing permission before I knew how to spell OPSHUN correctly. If you want to have full option privileges much more than you want to have any net worth whatsoever remaining, just tell the broker that you're a sophisticated investor (usually you have to have more than $0.5M with that broker to make that definition stick; that your investment strategies are aggressive, high risk high growth, and that you have several years option experience. You may also have to convince the broker that you know that you can take an early assignment on any options that you write. And if you do get full privileges, pray that you don't discover that one thing that is worse than only being able to write covered calls is being able to write naked anything.

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