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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: RichSnoopy who wrote (47337)7/7/1998 12:32:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
Almost certainly depends on your margin requirements.

Ask them how much capital you have to put up to write uncovered. When I first was writing uncovered they did give me a little problem at one place, but some inquiries at higher levels straightened it out.

Some years ago a lot of people went broke because the rage was to write uncovered puts. Went along real well until October '87. Since then, a lot of houses have become very restrictive on the practice.



To: RichSnoopy who wrote (47337)7/7/1998 2:42:00 PM
From: ratan lal  Respond to of 58727
 
call them and have them give you naked put auth. (no calls). Its another way to buy stocks a little cheaper. You may also need to have a minimum amount of money with the broker.


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