Any one gone through the process of getting approved for naked short calls at Tastyworks

[ajacobson]

Any retail gotten it approved yet?

 

[Robert Morse]

Why is that hard? They clear Apex. We do it based on your risk level and Financials.

 

[ajacobson]

ERISA account as well ?

 

[Robert Morse]

ERISA account as well ?

No. No short calls or short stock is a retirement accounts. You can trade future’s if the account is open with a self directed IRA company like Midland and short future’s and options.

 

[ajacobson]

Thanks - how do you think they accomplish it.? I'm onboarding a new hire and he wants our corporate approval. Other people on the desk have it enabled, but no one seems to remember the process.

 

[Robert Morse]

Thanks - how do you think they accomplish it.? I'm onboarding a new hire and he wants our corporate approval. Other people on the desk have it enabled, but no one seems to remember the process.

I have no idea.

 

[ajacobson]

Thanks again for the quick response.

 

[Robert Morse]

Thanks again for the quick response.

Are you saying they are approved by FINRA for naked short calls?

 

[ajacobson]

They allow it. A couple of our folks use them just because of that ability.

 

[MarkBrown]

They allow it. A couple of our folks use them just because of that ability.

naked options my man now were talking!