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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: XBrit who wrote (192769)9/19/2002 1:29:02 PM
From: Gersh Avery  Read Replies (1) of 436258
 
does not require margin to write puts.

nice little trick my former broker used to try to pull on me:
"short a put"

"Gee .. I secure it 100% with cash and borrow the put from you so I can short it .. and I pay you interest .. "

Yes .. and the iceing on the cake is that it requires margin to get screwed that way and is not allowed in a IRA because of it.

My broker allows writing in my IRA:

optionsxpress.com
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