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Author: philippalmer Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 266225  
Subject: Re: Option approval Date: 10/1/2012 11:02 AM
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A caveat to your previous post, in selling a put to open, you are writing a put, and taking the sell side of the contract, which means you will either be naked, and using margin or using cash to secure that put. Your level two privelege will not grant you the right to sell to open puts until you get margin approval at WF.
The only Sell to Open you should see is the ability to sell open calls, covered of course, meaning you are writing calls against stock you already own.
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