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To: ribman who wrote (23787)3/5/1999 9:33:00 PM
From: Jon Koplik  Respond to of 152472
 
To sell "naked" puts, one is required to have an amount of money in one's account (during the whole time that the short put position is outstanding) that lessens the attractiveness of the strategy. (And, a margin account is required).

A call option buyer just has to come up with the call premium.

Jon.