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To: edamo who wrote (201)	6/14/2000 11:18:00 AM
From: AmericanVoter	Respond to of 1115

you are welcome... and, yes, if you have equal (or more) money in the account than the maintenance requirement, you can withdraw it... in which case this is moot... I guess the key word is "cushion" ... is it just the required or a lot more... say you have no positions in the account, and the cash balance is exactly equal to the % of underlying required by the house, the collected premium can not be withdrawn or used to buy anything else... actually, they require 50% of the current value of the underlying before you can sell the PUTs and apply the maintenance requirement... and if the maintenance req. is 25% + premium, then one would be able to withdraw the remaining 25% after establishing the position... this could be more or less than the collected premium, but it has nothing to do with the collected premium... it was simply excess money needed to establish the position... best regards amein