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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Petz who wrote (108143)	4/27/2000 7:25:00 PM
From: xun	Read Replies (1) \| Respond to of 1570329

Petz, check with E*Trade<EOM>

To: Petz who wrote (108143)	4/27/2000 8:50:00 PM
From: niceguy767	Read Replies (1) \| Respond to of 1570329

John Petzinger: Re: "Richard, I agree writing puts should be consistently lucrative on AMD. But my broker demands 50% or the stock price per contract plus you must maintain an additional $20K of equity just to write one contract! Do you know of any online brokers with lower margin requirements?" Comment: Thought I was the only one with that problem with my broker...Selling puts is almost a gimme on AMD but it just ties up too darn much margin for my liking!

To: Petz who wrote (108143)	4/27/2000 10:13:00 PM
From: Richard Wang	Read Replies (2) \| Respond to of 1570329

Petz, I use Brown & Co, and Muriel Siebert. Brown requires 100% of the total stock cost to be in the account. They are very conservative in how they handle margin accounts, as they require twice as much equity in the account as your broker. Siebert requires about 25% (I am not sure the exact amount) of the stock cost to be in the account. Their policy is more liberal, but they charge more commissions. So Siebert requires about half of the requirement of your broker. Good luck, Richard