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To: F The who wrote (6219)6/16/1998 4:30:00 PM
From: Jan Crawley  Respond to of 164684
 
Felicia,

Just FYI, wrote one Oct 70 uncovered call for $13 1/8 premium before closing.

This is a Triple-W options week, supposedly today, Wednesday and Thursday are subjected to wide swings as traders close their positions; (I do not fully understand what it means, do not know if it applys to Amzn.)

Jan, :))



To: F The who wrote (6219)6/16/1998 7:39:00 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
David,

You stated your question about going long against the box margin requirments was silly. There is no such thing as a silly question. I had the smae question and since I got a different answer from BHC Securities, DLJ and Fidelity, I called the SEC to see what was the rule. Now I know but the question was not silly. Also brokerage firms can require more equity but not less than that mandated by the SEC.

Glenn


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