Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (9635)	6/4/1998 10:39:00 AM
From: BDR	Read Replies (3) \| Respond to of 18691

<<I have accounts with Schwab, Brown & Co. and National Financial and all three allow me to write naked calls!>> I will have to look into those. Datek doesn't deal in any options, though they have been promising to do so for some time, and Fidelity and Discover won't let me sell naked calls (I tried it with ZONA).

To: McNabb Brothers who wrote (9635)	6/4/1998 11:15:00 PM
From: Gotham Guru	Respond to of 18691

<< I have accounts with Schwab, Brown & Co. and National Financial and all three allow me to write naked calls! I have had accounts with Waterhouse and another two brokerages that have allow me in the past also! Could you please tell me why this is more dangerous than selling a stock short? In fact I write calls on stocks I would not mind going short, at the money or 5 to 10 points out of the money! Hank>> I see your point but when you short a stock you get a larger sum of money in to increase your margin availability but if your naket call is executed you have to buy the shares at the open market--5 contracts of dell is 40k to put out when you only took in the premium for the call--i guess if you have the margin it is just like shorting but the spread between covering a short and having an executed call is not the same Instigator