Direct access options broker

This is a discussion on Direct access options broker within the Brokerages forums, part of the Commercial category; Time to draw a line under this thread. For the third and final time Bulldozer, is this 3 day rule ...

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Old Oct 14, 2005, 5:23pm   #76
 
A Dashing Blade's Avatar
Joined Jul 2004
Time to draw a line under this thread.

For the third and final time Bulldozer, is this 3 day rule written into your client agreement letter?
ie is it a legal obligation for your broker to provide you with this facility?

Simple yes or no required. Nothing more, nothing less.

No sarcasm intended, this is a genuine query.

Nice weekend.
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Old Oct 14, 2005, 6:05pm   #77
Joined Jan 2005
Quote:
Originally Posted by A Dashing Blade
Time to draw a line under this thread.

For the third and final time Bulldozer, is this 3 day rule written into your client agreement letter?
ie is it a legal obligation for your broker to provide you with this facility?

Simple yes or no required. Nothing more, nothing less.

No sarcasm intended, this is a genuine query.

Nice weekend.
================================================== ==============

DB,
Sorry i thought you were initially doubting my word on the three day rule?[on previous post]

1. YES, the 3 day grace rule is written in my agreement! but its NOT available to all clients.

2. Its NOT a legal obligation to give the 3 days grace rule! its at their discretion.

3. The 3 days grace rule only breaches the FSA, If i fail to remove the margin-call within the 3 days of the agreement.

4. They have also offered me a FIVE days grace perriod if i want new agreements drawn up. I did not need it cause i always managed within 3 days.


If your still in doubt? and you fink I'm talking nonsense?

Check out page 10 post 91 on link below:

http://www.trade2win.com/boards/show...&page=10&pp=10


Happy weekend to all members and lurkers too! I hope youv all enjoyed this weeks show? And also the free advice! I hope my posts has made someone a bit wiser. I know Dash-blade has learned at least 2 important things this week!

I leave you all [audience] wiv one question over the weekend: Who is the most POWERFUL man on this planet? [ clue its NOT GW Bush, or Bin Ladden or Tony B. so who can he BE?
And NO its NOT the Pope either! and its Not the dynamic duo>> Profitaker or Pitscum or the other dynamic duo Mr Def -Mr Peto And NO he does NOT post on these boards. Its NOT Bulldozer either.

Bull

johnc1412@hotmail.com

Last edited by bulldozer; Oct 14, 2005 at 9:37pm.
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Old Oct 22, 2005, 10:37pm   #78
Joined Jul 2004
Quote:
Originally Posted by def
how could i possibly answer that question w/o knowing your position or capital in the account.

how about I ask you, when the day comes, and it will come if you continue to sell naked puts, and your account blows out and your broker comes knocking on your door, will you pay up?

Thankyou, for sharing your knowledge about selling naked put options. For me personally, your comments are educational and an eye opener.
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Old Jan 5, 2006, 8:52am   #79
Joined Aug 2004
Quote:
Originally Posted by bulldozer
================================================== ==============


We pay Brokers to give us a service ie to open trade and to close trades but NOT to interfere with our trades! there are brokers that will NOT interfere with trades! they give you 1-5 days grace for you to put hedge in place or adjust positions. Do you think its right NOT to make people AWARE of these choices?
Bull
Bull:

As a sidebar to your quote above {there are brokers that will NOT interfere with trades! }: Does/can your broker take the other side of your trades? Is this something that you look for when you're chosing a broker?

Thanks for your thoughts,

urep
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