Check out this link to a document that defines the most common option strategies, including Naked Calls and Puts, Butterfly Spreads, and Condor Spreads. It's a table that tells you the position to set up and standard margin fees. (NOTE: Most brokers will require application to a special class that allows certain types of option trades; check with your broker for their requirements.)
http://spreadsheets.google.com/ccc?key=0Alepi4WyE4K_dFR3Y2Voa0hIdUxnYklZalRmQUNFdmc&hl=en
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Bobby,
I know this isn't the right spot to leave this message, but couldn't find anywhere else to do it. Since you are a writer & have done the Robert Preston show, how about writing a biography about him? There isn't any, he he surely deserves that.
Thanks.
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