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To: Steven Bowen who wrote (2693)10/31/1997 2:32:00 PM
From: jluker  Respond to of 12468
 
I use Regal, I always trade with a human. Options are $36.50 for 10 contracts, $176 for 100 contracts, stocks trades $20 nasdaq, $29 NY, cheaper if you use TT phone/ telebroker

there are margin requirments obviously for selling naked puts and calls.. what are you paying now? you can email if you dont want to clog thread.. or perhaps others are interested..



To: Steven Bowen who wrote (2693)10/31/1997 3:03:00 PM
From: Brian Coakley  Read Replies (1) | Respond to of 12468
 
Steven, I use Fidelity and they let me sell puts. They have a special option trading desk that's great. 1-800-544-2995 is the number for the options desk.....they're very efficient, no nonsense, and experienced.

I sold some April 22.5 puts and used the proceeds to buy the April 22.5 calls. Cost me 1/8th at the time, 3 weeks ago when the stock was at 21 3/4. Betting on $40 on April expiration.

The transaction did reduce my "available to borrow" balance ( but did not increase my margin balance, hence the reason for the trade) by an amount that seemed high, but I never investigated how it was calculated.

Brian



To: Steven Bowen who wrote (2693)10/31/1997 10:13:00 PM
From: Cornelis J. Lanson  Read Replies (1) | Respond to of 12468
 
I have an account at Fidelity Investments that allows me to trade on line @ 14.95 per trade and by calling allows me to create every conceivable type of naked postion. I've found writing naked puts an excellent way of buying stock on sale. 1-800-544-4442

Good Luck