SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (4199)2/16/1999 9:31:00 PM
From: John Sanderson  Read Replies (1) | Respond to of 4969
 
Steve, Does Yamner&Co allow the selling of naked calls and puts?
My current broker only lets very large accounts do this.
I have a nice size account, but the short fat bald guy who manages
all the options at my current broker caught me selling naked calls
and made me stop doing it. Not before I make a ton selling DBCC calls
in the high 30's.
I use this stragety very rarely and it avoids the problem of getting the borrow for shorting. What is Yamner's rule for this?
Thanks
John



To: steve goldman who wrote (4199)2/16/1999 9:42:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 4969
 
OK, another question, if I may be so annoying. Why the heck doesn't Waterhouse enforce this? Am I liable to any degree? I really never kept track, because I thought it was the broker's responsibility to make certain that trades were in compliance. Was I just being naive? Should I spend the time and toll charges to call their compliance officer? Sorry to be such a pest.

Barb


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News