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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: David Rosenberg who wrote (7901)	7/19/1998 9:01:00 AM
From: Tom K.	Respond to of 14162

David, my understanding is if the cash is in your account from the spread, then your broker would be the one to look to for the interest. From a perspective check however, the interest rate is 3% and on $10K that's $300/year. However, the spread from this trade will probably be in months, so it's $25 for each month.... you'll have to decide if that is a significant enough criteria to influence a $10K decision.... Tom

To: David Rosenberg who wrote (7901)	7/19/1998 12:41:00 PM
From: grenouille	Respond to of 14162

Dave, I use Regal Discount Brokerage. Cash credit balances are swept into a MM account (Alliance Treasury Reserves) which pays interest. Debit balances are charged interest at a margin rate of 7 3/4%. -Bob W