CYRIX / NSM Message Board

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Technology Stocks : CYRIX / NSM

NSM 18.27

0.0%

Jul 31 5:00 PM EST

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To: Jim Ho who wrote (6243)	1/16/1997 2:43:00 PM
From: doug carder	of 33344

I think it is initial margin level or available margin for the number of shares that are put to you minus your premium. In other words half the money in cash or available margin minus the premium you received. There is a formula but I don't remember it right now. Don't hold me to this it is a will a@@ guess but I am pretty sure it's close. Call your broker that kind of question will make him nuts he will be able to give you the number from his screen but then make him explain it to you. sell one yrq nd at two you would be put at 20 times 100 = 2000 at initial margin 50% =1000 minus 200 premium received net margin or cash required = 800. margin accounts must have a minimum of 2000 at least the last I knew, you could also have a covered put just the reverse of a covered call by being short the stock and writing against it then covering with the the stock put to you. I hope that makes it as clear as mud, I love this stuff. sy

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