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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)
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To: Dan Duchardt who wrote (2138)8/4/2001 8:01:15 PM
From: John Chapman  Read Replies (1) of 2241
 
Question from a Newbie. Suppose I wanted to buy 10 contracts of a Sep 40 call for $2.50. Does that mean that I have to have only $2500 in my account at the time I buy the call or do I need to have $40,000 in the account as well at the time I buy the call? I intend to sell the call before expiration. Maybe this varies with the broker.
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