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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: Roman S. who wrote (627)	1/29/1998 4:29:00 PM
From: ----------	Read Replies (2) \| Respond to of 2241

Yes. Typically, Your options form goes to the branch manager who then sends it to the firs SROP, (Senior registered options principal) who approves/denies the application plus any stipulations on the approval. There is a seperate application for options trading approval, which you probably noticed is far more specific than the routine brokerage application. It is analagous to a Florida firearms permit. You must demonstrate the ability to understand it hurts if you shoot yourself, and that it costs money to go to the hospital & get sewn up. <g> I have no idea what criteria any particular firm uses, eventhough they all are governed by the same NYSE rule : "Know Your Customer". Regards, Doug