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Non-Tech : Waterhouse Securities
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To: James F. Hopkins who wrote (1279)4/29/1999 10:25:00 AM
From: Mama Bear  Read Replies (1) of 2076
 
Jim, it looks like you have the same understanding I do. The only thing is that you can only match your equity, either short or long. 10k of money will get you 20k of initial positions, long or short. I understand some of the daytrading firms will let you go up to 10:1 intraday, but it's easy to get wiped out that way. I actually rarely use margin anymore. If I want to trade a couple of thousand DELL intraday I will, but I haven't paid out any margin interest in over a year.

On selling covered calls, you get the cash plus the equity on the underlying up to the strike price. So if you sell calls with a strike of 50 on WXYZ, that stock will never as being more than 50 no matter how high it may rise.

Barb
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