Suppose u don't have the margin available to sell naked calls.. so u do the following: Have 2 brokerage accounts. In one account, short a stock In another account, buy the stock and sell a call on it (covered call.) Is there any regulation that explicitly forbids u from doing this?
Margin for an option is less than that for stock so if you have the margin to buy and short stock, it makes no sense. If you do not have approval for naked shorting then your idea would work but it's not a good one. Commissions and slippage would eat you alive.