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Author: kahunacfa Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 265924  
Subject: Re: Account for Covered Calls Date: 12/11/2012 9:17 PM
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I uncerstand you need an account that allows for covered calls. I have a Scottrade account but that does not allow for this. How do I find a service that allows for this and also how can I minimize the amount of money I need to start such an account. - eahjr11 | Date: 12/10/2012 3:29:22 PM | Number: 259877

Generally speaking to have full options account flexibility you will need:

1. At least $2K of capital
2. A Margin Account.
3. An options account.
4. BTW, the minimum capital for a Margin account is $2K of capital.

Kahuna, CFA
Investment Professional
1974 - Present.
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