Recent content by Gmoyer3292

not on margin.

Has anyone borrowed money to trade? if so from what source Banks, private investors.

Thanks for responding

Is it posssible to get exercised (assigned early) on a put sell option? I thought you were only assigned if the stock price drops below the strike price on assignment day.

I have been doing this for 6 months. You need alot of margin maint money to make this woth your time. The returns are small.

Thanks for the information:)

Could anyone explain drawdown on an account?

The magazine article I am refering to is the oct issue of Stocks and Commodities. The Get Shorty Article on Page 44 and 45. The article states if you do not secure or intend to secure your short shares it is an illegal practice. Sorry for any misquote or misunderstanding.

Just to clairfy my acct is not a IRA.

Well my broker did not use the term illegal but I knew what he was getting at. They do let me write covered puts. This months issue OCT of Stocks and Commodities Magazine does say the practice is illegal. Thanks to all who responded to my question.

Please explain selling naked put options to me? and why do some brokerages say this type of trading is illegal?