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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Joe Waynick who wrote (7900)	7/19/1998 5:22:00 AM
From: David Rosenberg	Read Replies (3) \| Respond to of 14162

It has been said (about 1000 messages back) that interest is paid on the margin balances of credit spreads. For example take a 10-contract put spread say XYZ 50's versus 60's where you deposit $2000 and receive $8000 with (proceeds of sale of the short put- cost of the long put). Now the balance in account is $10000. Who (which brokerage) will pay interest on this balance? (My firm a discount San Francisco firm does not) Does Schwab? or Quick & Reilly? or Discover? Do you have to be a preferred customer to get interest? Thanks in advance for your response. Dave Rosenberg (new to this thread)