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To: luther yow who wrote (688)11/15/1999 3:45:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 3770
 
Luther, your broker is outrageous! I use Morgan Stanley Dean Witter on line (the old Lombard), and their requirements are nowhere near as stringent. Basically, they require $10,000 in equity to establish the account and for out of the money puts the requirement is approximately 20% of the price of the stock less the amount out of the money. The calculation for in the money puts is somewhat more complicated: 35% of the total of the market price of the stock + option premium - the amount received for the option.

Hope this helps.

TTFN,
CTC



To: luther yow who wrote (688)11/15/1999 11:48:00 PM
From: cloudless  Respond to of 3770
 
I write puts using ETRADE. They require 40% margin account. Cloudless

>>I too have sold puts on several stocks to establish an entry level. However my broker requires that I put up 50% margin plus a 25,000 extra in cash. Please tell me the terms of your broker and who it is if you wish. Thanks<<


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