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To: MonsieurGonzo who wrote (5198)	1/24/1999 3:29:00 PM
From: Chris	Read Replies (1) \| Respond to of 11051

MG, RE: Etrade option writing >ETRADE will allow naked CALL writing if you qualify As far as I know ETrade does not allow anyone to write naked calls. Their highest level of options trading allows for naked put writing and some other index options stuff. I checked into this 6+ months ago. Etrade's cash requirements for naked put writing is on there web site. It is a formula based on "buying power" which is around 40-50% of capital required to exercise. I try to avoid the 'buying power' game. I've not had good experience's with margin calls. They always happen at the worst time. <g> >I write naked PUTs on ETRADE all the time Kool! Any particular strategy that have taken a liking too? Thanks for the links, I'll check them out. Christopher

To: MonsieurGonzo who wrote (5198)	1/25/1999 7:17:00 PM
From: Chris	Read Replies (1) \| Respond to of 11051

MG, RE: edreyfus and naked call writing edreyfus.com The short answer is that they do allow naked call writing thru a broker, but not via the web. If I ever do any call writing I want to do it online. Below is their full answer. Thanks for the link, Christopher Online you can only write covered options against the underlying security position and buy/sell options long. If you wish to write uncovered options or do spreads and straddles, you need to go through a broker in our Trading Department. Certain restrictions would also apply including: a $20,000 minimum account balance which must be maintained at all times, 50% of the underlying value in equity option, 25% of the underlying value on index options and the current premium value. For details on our policies concerning spreads, writing uncovered options, etc. please call Gary Martino at 1-800-421-8395, extension 9619.