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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Alias Shrugged who wrote (19762)	4/20/1998 8:51:00 PM
From: SJS	Read Replies (1) \| Respond to of 95453

Mike, Just an update. Option "level 4" (naked selling for equity options) is not a simple thing to just go out and acquire. You need three things: 1) Proven experience with options 2) Ready Cash and Margin 3) Reasonable net worth The reason is very simple. Brokers don't want to give that kind of leverage (risk opportunity) to inexperienced players who could then come back and try a law suit on then when they got in too deeply. Some folks have this level of option trading capabilities. It's not mainstream, and really shouldn't be. Regards,