Can I sell a naked option?

Only Margin Accounts are able to sell a naked call option. Cash accounts can sell a naked put option, however there are certain restrictions.

Stock Options

Put Price + Maximum ((20% x Underlying Price - Out of the Money Amount),

(10% x Strike Price))

Index Options

Put Price + Maximum ((15% x Underlying Price - Out of the Money Amount),

(10% x Strike Price)

You can review and modify your account type in Client Portal.

Additional Information

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