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To: Jan Crawley who wrote (7508)1/18/2004 4:02:30 PM
From: Sam Citron  Read Replies (1) | Respond to of 13403
 
OT ** Jan & Semi,

Jan's statement is accurate according to my understanding. I almost always have unused buying power in my margin account so the naked put write absorbs some of this but does not cost me anything. It's best to talk to a margin clerk at your brokerage for a complete explanation. There may be some variation among brokers. BTW, Interactive Brokers has some of the lowest commissions around, so you might consider them. I use Brown & Co. which is also pretty good.

Sam