How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (10078)	3/26/1999 2:29:00 PM
From: Woz	Read Replies (2) of 14162

I am with Dreyfus and indeed they allow spreads on options, however, the short side has to be phoned in to their broker (as opposed to their internet site) at a higher commission rate. I have heard that with a little whining, you can convince them to give you the internet rate, but I have actually never done an option spread, so I am not sure. Their margin requirement for naked puts however is a little ridiculous, from what I understand, they require $20000 plus the exercise value of the put.

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