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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: mc who wrote (8196)	8/11/1998 8:45:00 PM
From: VincentTH	Respond to of 14162

Gary, Humm. For 10 contracts, Waterhouse only asks for $5000, assuming the worst case where stocks under $4 1/8 cannot be margined ( at Waterhouse) and that the stock can fall below that minimum marginable price. You should change your broker. Wonder if you can tell them about Waterhouse margin requirement, since Waterhouse own them. Since your broker is in Beverly Hills, you may want to call Brown. They are in that area, and they have better Options commissions than Waterhouse ($14,95 + 1.75 per contract). They do require 5 year trading experience though, and I don't know whether they have a margin requirement and an option approval procedure as liberal as Waterhouse.