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To: His Pinkness who wrote (88691)1/12/1999 3:37:00 AM
From: PAL  Respond to of 176387
 
My broker is Jack White which has been acquired by Waterhouse. If you sell naked options, they are going withhold some funds in the account. Jack White's requirement is severe compared to others. Don Martini uses Brown & company which is not that stringent. You might want to check with your broker.

Selling naked puts on internuts are very risky, therefore they command such a high premium. I just love to collect those fat premium. Look at Jul100 put on AOL!

Good Luck

Paul