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Technology Stocks : Dell Technologies Inc.
DELL 122.55+4.4%Nov 21 9:30 AM EST

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To: His Pinkness who wrote (112021)3/25/1999 8:28:00 AM
From: Jeffry K. Smith  Read Replies (1) of 176387
 
PINK - I checked out Fidelity a number of years ago for selling puts (Level 3 approval) and at that time they had many requirements beyond sufficient margin - e.g. yearly income, net worth, and liquid net worth. Has that changed, or are you high enough in those categories that it doesn't matter?

One more thing that really puzzles me - the Schwab people tell me that there is no way to lock up the $ in my account which "secure" my ability to sell puts (iow to make sure I have enough funds to cover in case I'm called) - how is it that Fidelity does so?

Thanks,
Jeff Smith
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