Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: RoseCampion who wrote (51131)	11/19/1999 6:34:00 PM
From: marginmike	Respond to of 152472

Couldnt agree more

To: RoseCampion who wrote (51131)	11/19/1999 6:50:00 PM
From: Dealer	Respond to of 152472

Rose, Thank you so much for the time you put into answer to Jim's question. I have been wanting to ask and didn't figure I would be able to understand and you were able to put a book on two pages. (I love it when someone can do that) I am just feeling comfortable with my calls and I will place this in my scrape book for later when I feel I am ready. Again thank you so very much and Jim/Willie thanks for asking. Both of you are appreciated! dealer

To: RoseCampion who wrote (51131)	11/19/1999 7:53:00 PM
From: RoseCampion	Read Replies (1) \| Respond to of 152472

Thanks for the kind words, people. It was a good exercise to go through for me, too. One correction for the people who said they're "saving it for reference" - both places where I refer to "ITM amount" (in-the-money amount), I actually mean "OTM amount" (out-of-the-money amount). I still get those two things mixed up on puts, probably because the "good" direction I want them to go in is the opposite of a call's. -Rose-

To: RoseCampion who wrote (51131)	11/19/1999 8:21:00 PM
From: PAL	Read Replies (3) \| Respond to of 152472

others can chime in here if they are sure they intimately know the vagaries of their brokerage's margin requirements for puts, and they're radically different than Fidos (in which case I'd love to open an account there). Rose: Nobody can explain it better than your post. The formula is generally followed by brokerage houses. Here is my experience: TD Waterhouse : 25% (instead of 30% for Fido) Brown & Co : 20% Minimum requirements: TD Waterhouse & Brown & Co : the greater of 10% of underlying stock plus premium vs $ 500/contract No $ 10K kicker. Networth minimum: TD Waterhouse 100K Brown 50K Comission much lower at Brown than Waterhouse. Real time quotes on option are more reliable at Brown. ___________________________________________________________ If I was a double Quillionaire living in a high-tax state I might want to consider writing LEAPS puts just to get LTCG treatment. You might want to check with your CPA. All shorts (equity or option) are never considered LTCG regardless how long the time frame. - Paul -

To: RoseCampion who wrote (51131)	11/19/1999 9:47:00 PM
From: edamo	Read Replies (3) \| Respond to of 152472

rose re: option margin requirements contact "wall street access/bt alex brown" they are options specialist, don't play silly games like full service brokerages, excellent execution.....block trades go right to the floor trader..believe min 250k account or 400k net worth requirement. they offer no research, no recommendations, no nothing, just access to their traders. instinet access also.........clears through and statements from bt alex brown...moved my account from msdw a few months back...so far no problems...will rebate active traders dbc subscription rate..

To: RoseCampion who wrote (51131)	11/20/1999 12:46:00 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 152472

thanks, Rosie, most excellent short put lecture just what I needed, very stringent forgot to mention in my last prose... Japanese Candlesticks are now showing a clear "Harami" pattern with two consecutive updays within Tuesday's strong downday... the message is strong that a resumption is underway already excuse my suspicions stated aloud... in the last month we have heard about Motorola and a supposed all-in-one multimode solution... we have heard about Cisco and a new highspeed wireless effort... we have heard about wannabees lusting for our wireless holy grail personally, I would like to see some true linkage of wireless to the fiberoptic backbone, thereby creating a strong wireless superhighway... not my expertise, but believe it is needed to support the massive traffic coming in the next few years good night, Gracie