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To: Lee Lichterman III who wrote (4245)10/15/1998 9:07:00 AM
From: SJS  Respond to of 14427
 
Lee,

I don't know about DLJ or Waterhouse, sorry. I cannot speak to them, so I guess I didn't make the original claim about them. I do know that

IF you want to write covered calls or write puts, you need a margin account.

If you want to buy puts or calls, you can do so in a cash account.


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