|
Joe, I don't think you can worry about such things. Most of the members
of the options exchanges are covered by SIPC insurance, so, if the
exchange goes belly up, you have recourse first to your broker and
second to Uncle Sugar. However, I remember the Chairman of one
exchange complaining that I was putting too much stress on their
capital, and that shook me a bit. I assumed it was a scare tactic, but
it worked. I started doing more OTC options because of that comment.
The alternative was to put up T-Bills as collateral, which is against
my religion. -g- Of course, that was when I managed the Godzilla Fund.
Nowadays, if my account can strain their capital, I would really be
scared. -g- MB |
