Application for Margin and Options
With the recent win in EMC, the sale of some EMC contracts has pushed my account over the $2,000 threshold for a margin account. Although margin can be dangerous to play with if used recklessly, I think I have enough maturity to use it wisely if needed. The primary reason for a margin account is the ability to execute complex options chains such as spreads and straddles. With the subscription to Thestreet.com’s Options Alerts, I need the higher trading levels in order to test out their more exotic, and at times less risky, options chains. I’ll let you know how it goes!
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