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To: Kayaker who wrote (6214)9/12/1999 12:43:00 PM
From: Jill  Respond to of 54805
 
Also, the collateral requirement for the short uncovered put is recalculated every day as the stock price moves, so if we had a big dip, you might get a margin call

True--you have to leave enough collateral free to handle market volatility

Jill