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Strategies & Market Trends : Selling Puts: Have Cash Will Travel -- Ignore unavailable to you. Want to Upgrade?


To: Matrix_Man who wrote (728)12/6/1999 12:03:00 AM
From: rrufff  Read Replies (3) | Respond to of 1235
 
Looking for opinions as to best broker for put writing.

Some brokers have requirements for 100,000 equity. Others have 1/2 underlying stock as margin maintenance. Others outright prohibit.

Brown seems very liberal but there are some quality of service issues per the SI thread.

Dreyus listed as option friendly but they require 1/2 underlying for margin.



To: Matrix_Man who wrote (728)12/6/1999 5:48:00 PM
From: Cesare J Marini  Read Replies (3) | Respond to of 1235
 
Matrix,

Currently short puts on WIND, MMCN, DELL, and RFMD.

So far all contracts are decaying quite nicely. Should have two issues expire next Friday, the next two in January.

Usual targets are 5-8% per month for OTM puts, with at least a few points downside protection.