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| WallStreet*E
Options Trading |
For
the second consecutive year, Optionetics has ranked WallStreet*E the
#1 broker for trading options online--And the biggest winners are
our clients! If being number one gives us the competitive edge imagine
what it will do for you.
Discover what makes us #1 by opening your account today! |
 |
| Option
Strategies |
| WallStreetE provides customers
different Options Strategies such as: |
- Spreads
- Buying and selling calls and puts
- covered and naked
|
| Options
Tutorial and Options Risk Disclosure Document |
Everything you ever wanted to know
about options. This a complete
On-line tutorial created by the Chicago Board of Options Exchange.
CLICK HERE To
see the tutorial. |
| Margin |
| Options can be traded
on Margin . The following table shows the Margin requirement for each
option strategy |
|
Margin
Requirement
|
|
INDEX OPTIONS
|
|
0-24 CONTRACTS |
$10,000.00
|
| 25-50
CONTRACTS |
$25,000.00
|
|
EQUITY OPTIONS
|
|
0-24 CONTRACTS |
$10,000.00
|
| 25-49
CONTRACTS |
$15,000.00
|
| 50-99
CONTRACTS |
$25,000.00
|
| 100
or MORE |
$37,500.00
|
|
| Option
Types |
|
OPTION TYPE
|
CASH ACCOUNT
INITIAL REQUIREMENT
|
CASH ACCOUNT
INITIAL MAINTENANCE REQUIREMENT
|
Long
Put or
Long Call (this position has no loan value)
|
Equity,
Index, Capped Index, Interest Rate Composite, Foreign Currency and
Foreign Currency Cross-Rate |
Pay
for option in full.
|
Pay
for option in full.
|
Short
Put or
Short Call
|
Equity,
Index, Interest Rate Composite, Foreign Currency and Foreign Currency
Cross-Rate
|
Deposit
cash or cash equivalents equal to the exercise price or put option
deposit letter for short put. Deposit appropriate escrow receipt
for short calls. Sales proceeds not released until deposit is made.
|
100% of the
option proceeds plus:
* 20% of the underlying stock value
* 15% of the underlying broad-based index value
* 20% of the underlying narrow-based index value
* 10% of the underlying aggregate interest rate composite value
* 4% of the underlying foreign currency value(also applies to Foreign
Currency Cross-Rate options)
less out-of-the-money amount, if any, to the minimum of option proceeds
plus:
* 10% of the underlying stock value
* 10% of the underlying broad-based index value
* 10% of the underlying narrow-based index value
* 5% of the underlying aggregate interest rate composite value
* 75% of the underlying foreign currency value(also applies to Foreign
Currency Cross-Rate options)
Foreign Currency or Foreign Currency Cross-Rate options requirement
may be satisfied with a letter of credit from an approved bank.
Foreign Currency Cross-Rate margin is calculated in the base currency
of the contract. |
Capped
Index
|
For
put option deposit letter or appropriate escrow receipt for short
call deposit amount equal to the cap interval times the index multiplier. |
The lesser or:
The cap interval times the index multiplier or
100% of the option proceeds plus
15% of the underlying index value lesser the out-of -the-money amount,
if any, to a minimum of the premium plus 10% of the underlying index
value.
|
Short
Put and
Short Call (short Copped Index and short index permitted)
|
Equity,
Index, Interest Rate Composite, Foreign Currency and Foreign Currency
Cross-Rate
|
Deposit
cash or cash equivalents equal to the exercise price or put option
deposit letter for short put. Deposit appropriate escrow receipt
for short calls. Sales proceeds not released until deposit is made.
|
For the same
underlying
| *Equity |
*Interest Rate Composite |
| *Index |
*Foreign
Currency |
| *Copped Index |
*Foreign
Currency Cross-Rate |
with the same multiplier
short put or short call requirement, whichever is greater,
plus the option proceeds of the other side.
|
|
| Put
Spread or Call Spread (long side expires with or
after short side,long Copped Index or short options cannot receive
spread treatment) |
Equity,
Index, Interest Rate Composite, Foreign Currency and Foreign Currency
Cross-Rate
|
Not
permitted.
|
For the same
underlying
| *Equity |
*Interest Rate Composite |
| *Index |
*Foreign
Currency |
| *Copped Index |
*Foreign
Currency Cross-Rate |
| with the same multiplier
the amount by which long put(short call) aggregate exercise
price is below short put(long call), aggregate exercise
price long side must be paid for in full. |
|
| Short
Call or Long Underlying (not permitted for Index
or Interest Rate Composite Options) |
Equity, Index,
Capped Index, Interest Rate Composite, Foreign Currency and Foreign
Currency Cross-Rate
|
Pay for the
underlying position in full.
|
No requirement
on short call.
50% requirement on long stock position.
100% requirement on foreign currency position.
|
| Short
Put and Short Underlying (not permitted for Index,
Interest Rate Composite, Foreign Currency or Foreign Currency Cross-
Rate Options) |
Equity
|
Not
permitted.
|
No
requirement on short put.
50% requirement on short stock position.
|
|
| Option
Strategies |
| WallStreetE provides customers
different Options Strategies such as: |
- Spreads
- Buying and selling calls and puts
- covered and naked
|
| Options
Tutorial |
Everything you ever wanted to know
about options. This a complete
On-line tutorial created by the Chicago Board of Options Exchange.
CLICK HERE To
see the tutorial. |
| Margin |
| Options can be traded
on Margin . The following table shows the Margin requirement for each
option strategy |
|
Margin
Requirement
|
|
INDEX OPTIONS
|
|
0-24 CONTRACTS |
$10,000.00
|
| 25-50
CONTRACTS |
$25,000.00
|
|
EQUITY OPTIONS
|
|
0-24 CONTRACTS |
$10,000.00
|
| 25-49
CONTRACTS |
$15,000.00
|
| 50-99
CONTRACTS |
$25,000.00
|
| 100
or MORE |
$37,500.00
|
|
| Option
Types |
|
OPTION TYPE
|
CASH ACCOUNT
INITIAL REQUIREMENT
|
CASH ACCOUNT
INITIAL MAINTENANCE REQUIREMENT
|
Long
Put or
Long Call (this position has no loan value)
|
Equity,
Index, Capped Index, Interest Rate Composite, Foreign Currency and
Foreign Currency Cross-Rate |
Pay
for option in full.
|
Pay
for option in full.
|
Short
Put or
Short Call
|
Equity,
Index, Interest Rate Composite, Foreign Currency and Foreign Currency
Cross-Rate
|
Deposit
cash or cash equivalents equal to the exercise price or put option
deposit letter for short put. Deposit appropriate escrow receipt
for short calls. Sales proceeds not released until deposit is made.
|
100% of the
option proceeds plus:
* 20% of the underlying stock value
* 15% of the underlying broad-based index value
* 20% of the underlying narrow-based index value
* 10% of the underlying aggregate interest rate composite value
* 4% of the underlying foreign currency value(also applies to Foreign
Currency Cross-Rate options)
less out-of-the-money amount, if any, to the minimum of option proceeds
plus:
* 10% of the underlying stock value
* 10% of the underlying broad-based index value
* 10% of the underlying narrow-based index value
* 5% of the underlying aggregate interest rate composite value
* 75% of the underlying foreign currency value(also applies to Foreign
Currency Cross-Rate options)
Foreign Currency or Foreign Currency Cross-Rate options requirement
may be satisfied with a letter of credit from an approved bank.
Foreign Currency Cross-Rate margin is calculated in the base currency
of the contract. |
Capped
Index
|
For
put option deposit letter or appropriate escrow receipt for short
call deposit amount equal to the cap interval times the index multiplier. |
The lesser or:
The cap interval times the index multiplier or
100% of the option proceeds plus
15% of the underlying index value lesser the out-of -the-money amount,
if any, to a minimum of the premium plus 10% of the underlying index
value.
|
Short
Put and
Short Call (short Copped Index and short index permitted)
|
Equity,
Index, Interest Rate Composite, Foreign Currency and Foreign Currency
Cross-Rate
|
Deposit
cash or cash equivalents equal to the exercise price or put option
deposit letter for short put. Deposit appropriate escrow receipt
for short calls. Sales proceeds not released until deposit is made.
|
For the same
underlying
| *Equity |
*Interest Rate Composite |
| *Index |
*Foreign
Currency |
| *Copped Index |
*Foreign
Currency Cross-Rate |
with the same multiplier
short put or short call requirement, whichever is greater,
plus the option proceeds of the other side.
|
|
| Put
Spread or Call Spread (long side expires with or
after short side,long Copped Index or short options cannot receive
spread treatment) |
Equity,
Index, Interest Rate Composite, Foreign Currency and Foreign Currency
Cross-Rate
|
Not
permitted.
|
For the same
underlying
| *Equity |
*Interest Rate Composite |
| *Index |
*Foreign
Currency |
| *Copped Index |
*Foreign
Currency Cross-Rate |
| with the same multiplier
the amount by which long put(short call) aggregate exercise
price is below short put(long call), aggregate exercise
price long side must be paid for in full. |
|
| Short
Call or Long Underlying (not permitted for Index
or Interest Rate Composite Options) |
Equity, Index,
Capped Index, Interest Rate Composite, Foreign Currency and Foreign
Currency Cross-Rate
|
Pay for the
underlying position in full.
|
No requirement
on short call.
50% requirement on long stock position.
100% requirement on foreign currency position.
|
| Short
Put and Short Underlying (not permitted for Index,
Interest Rate Composite, Foreign Currency or Foreign Currency Cross-
Rate Options) |
Equity
|
Not
permitted.
|
No
requirement on short put.
50% requirement on short stock position.
|
|
|
|
