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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: kanford who wrote (40)	12/26/1999 5:04:00 PM
From: Edward W. Richmond	Read Replies (1) \| Respond to of 8096

Ken, I had a similar problem. I simply revised my objectives to a much more aggressive position. ie. Safety of capital - I put 0%, Income - 1% Regards, Ed

To: kanford who wrote (40)	12/26/1999 6:04:00 PM
From: Jill	Respond to of 8096

Hi, I use Fidelity and I believe with $170 that would be fine and they would not question your selling puts, as I know some brokers ask for $250 but I don't believe Fidelity does. However your objectives would probably be both preservation of capital as well as aggressive income growth (I don't know what phrases they use), moreover you have to indicate at least several years experience with options. If they refuse you it would be because you perhaps did not seem experienced enough. It is essentially that you, by filling out the form and verifying your experience, are taking responsibility for your own decisions. You might ask your broker when they are willing to review the information (or go in personally to speak with them). If they aren't willing to do so for another six months, consider switching at least some of your funds to another broker such as Fidelity. I know Leslie uses Waterhouse. Dreyfus is also supposed to be good.