I'm new to Margin all together and need some help. Here are my numbers: Total Margin Requirements $0.00 Total Margin Equity $190.68 Adjusted SMA $205.34 Maintenance Excess $190.68 Non-Margin Purchasing Power $190.68 Margin Purchasing Power $410.68 Everytime I attempt to make a trade (selling a put option), I wont let me. I'm with E*Trade.
You need to apply for options trading. Selling naked options requires a higher approval level and thousands in the account.
For selling a put you'd need to be able to cover the stock put to you in case it gets in the money at or near expiration.