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Technology Stocks : INTEL TRADER
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To: MonsieurGonzo who wrote (5198)1/25/1999 7:17:00 PM
From: Chris  Read Replies (1) of 11051
 
MG, RE: edreyfus and naked call writing

edreyfus.com

The short answer is that they do allow naked call writing thru a broker, but not via the web. If I ever do any call writing I want to do it online. Below is their full answer.

Thanks for the link,

Christopher

Online you can only write covered options against the underlying security
position and buy/sell options long. If you wish to write uncovered options
or do spreads and straddles, you need to go through a broker in our Trading
Department. Certain restrictions would also apply including: a $20,000
minimum account balance which must be maintained at all times, 50% of the
underlying value in equity option, 25% of the underlying value on index
options and the current premium value. For details on our policies
concerning spreads, writing uncovered options, etc. please call Gary Martino
at 1-800-421-8395, extension 9619.
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