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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: jeffcathey who wrote (2058)5/31/2001 7:52:14 PM
From: Howard R. Hansen  Read Replies (1) | Respond to of 2241
 
New Subject.

How much experience writing covered calls is required before a Broker will allow a customer a write a covered put? I ask this question because the company I do business will not upgrade my account to allow me to to write covered puts because he says I don't have enough experience. Is there a difference in the amount of experience different brokerage houses require before they permit a customer to write covered calls? My existing broker will not tell me how much experience is required.



To: jeffcathey who wrote (2058)6/1/2001 1:29:45 PM
From: holland  Read Replies (1) | Respond to of 2241
 
At first glance your money management approach appears to be a sure looser. You have to be right 5 times to wrong 3 times. You need 62.5% wins to break even. I suggest you read a book on money management.


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