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Non-Tech : Invest / LTD
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To: upanddown who wrote (7506)2/19/1999 4:00:00 PM
From: Thean  Read Replies (1) of 14427
 
John,
You answered your own question - If you sell 10 RIG 30's, that means that $30,000 cash is unavailable until the put is either covered or expired.

The total buying power - check mama bear's response on the Waterhouse thread. If still confused, call Waterhouse and have the rep explain it. It does get complicated with option and everything. I don't trust the buying power number on webBroker.
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