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To: Electric who wrote (27519)	10/30/1997 8:39:00 PM
From: Jpres	Read Replies (1) \| Respond to of 58727

I think I am in the same boat.. Brad, do you know the requirements off hand for put selling at E*Trade?? I havent ever done it and I am not sure i have the info about how much is required in the account to do it.. Electric Electric Selling naked puts via E-Trade you need 40% of the stock price in your account to cover the put. Hope this helps. Regards John

To: Electric who wrote (27519)	10/31/1997 5:28:00 AM
From: AlienTech	Respond to of 58727

>>I think I am in the same boat.. Brad, do you know the requirements off hand for put selling at E*Trade??<< You dont want to write puts at etrade unless you are short the stock. their requirements are werid. Lets say you wrote TXN JAN 100 when the stock was 100, You need 50% margin, which is 50K for 10 puts on top of the money you get for selling the puts, Now the stock goes to 120, you would think, the margin requirements would go down to 40k or remain the same.. No such luck, you need to now have 60k margin requirements. But if the stock goes to 60, well then your margin requirements goes down to 30k.. If this aint ass backwards like the rest of etrade I dont know what is.. I still have the email I got from them, it took almost 2 months to get this answer out of them, before they only let you write puts if you were short the stock.. No covered or nakid writting.