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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Chisholm who wrote (854)	4/28/1999 2:59:00 PM
From: chester lee	Read Replies (1) \| Respond to of 10293

Daniel, There is a big difference between selling a naked call and writing a covered put. The big difference is that my broker will not let me do it, because of the small size of my account. The reason for the limitation is that the brokerage firms perceive that naked anything is a whole lot more risky than covered anything. There are days where I wish I had the buying power to sell naked calls, since I want to short the stock anyway, but could not get a borrow. You are correct about the commish. chester