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To: David who wrote (31138)12/12/1997 4:20:00 PM
From: Tom Trader  Read Replies (2) | Respond to of 58727
 
David, for an at the money naked write on the OEX, I think that it is something like 25% of the value of the index for each contract -- so that works out to $11500 per contract--one also needs to have a minimum of $50K equity in the account.

The formula is more complicated than that -- but it gives you an idea.