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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: Linda Kaplan who wrote (6249)12/30/1997 11:55:00 AM
From: VincentTH  Read Replies (1) | Respond to of 14162
 
Repair Margin Requirement.
Thanks Linda.
I called Waterhouse, and was informed that the $1000
was Stock buying power, not cash.
My other question remains un-answered: What are the
margin requirements for Spreads? In my case, I'd sell
8 Jan27.5 calls, 4 covered by the stocks, and 4 would
establish the Bull Spread against my 4 long Jan22.5 calls.
That leaves no uncovered calls, but I don't know about
the margin requirements at various brokerage houses.
Thanks In Advance,