Trong thực tế, một số trong những công ty kinh doanh thành công nhất từng được chế tạo sử dụng loại hình kinh doanh này. Quay lại khi tôi chạy một hoạt động sàn giao dịch, tôi quyết định áp dụng các kỹ năng kinh doanh Harvard của tôi Trường tích cực nghiên cứu các phương pháp thương nhân sàn. Tôi ngạc nhiên nhận ra | 344 THE OPTIONS COURSE TABLE Typical Brokerage Firm Breakdown Options Trading Level Strategy Level 1 Level 2 Level 3 Level 4 Level 5 Covered call writing Protective puts Buying stock or index puts and calls Covered put writing Spreads Uncovered put and call writing Uncovered writing of straddles and strangles Uncovered writing of index puts and calls brokerage firm might use to group strategies by levels. Traders with a great deal of experience and significant financial resources can generally receive approval for level 5 trading. This would allow them to implement any type of trading strategy including high-risk trades like naked calls and uncovered straddles. Although the options approval levels can vary from one broker to the next level 3 is enough for most readers following the strategies in this book. Since we do not recommend uncovered selling of options approval beyond level 3 is unnecessary. At that point traders can use a variety of simple strategies like straight calls and puts as well as more complex trades such as spreads straddles and collars. In order to avoid the frustration of opening an account with a firm that will not allow trading in more advanced levels new traders will want to find out the brokerage firm s policy regarding options approval before funding an account. The best way to do this is to contact the firm s options approval department by phone. If you have little or no experience ask them what steps you need to take in order to trade the more complex options strategies level 3 . It sometimes helps to specify which trades . spreads straddles collars etc. you intend to trade. Often the firm will ask you to write a letter or somehow demonstrate that you understand the risks of trading options. After that most firms will allow you to fund the account and to begin implementing those options trading strategies that interest you. Choosing the Right Broker 345 ROLES AND RESPONSIBILITIES OF ALL BROKERS__ Regardless .
