1. Covered Put The trading account should be a Margin Account The strategy involves a Short Put Option and short position of 100 shares of the underlying Stock (If client does not have this Strategy Type holding in the trading account, client can only Sell this Strategy Type)
2. Covered Call The trading account should be a Margin Account The strategy involves a Short Call Option and long position of 100 shares of the underlying Stock (If client does not have this Strategy Type holding in the trading account, client can only Buy this Strategy Type)
3. Cash Secured Put The trading account should be a Margin Account The strategy involves a Short Put Option and setting aside cash in the account that is equivalent to the value of 100 shares of the underlying stock (If client does not have this Strategy Type holding in the trading account, client can only Sell this Strategy Type)
|