Hi all, As you can guess, I'm new here, I've been interested in the financial markets for quite a few years so far, and I currently nourish the dream of being a trader for living. I've been mostly interested in options for the leverage they procure. Being a good "padawan", I read almost everything I can find on options and trading. So I can honestly say that I have a good understanding of options concepts, strategies and terminology. I can also make nice Excel spread sheets with my potential profit/loss including commissions fees so I know my risk with these trades. I guess you can say I'm getting good (let's say at least not too bad) with the theorical side of trading options. But still, the technical knowledge is missing. I recently opened an account with the discount broker of my financial institution (I never tought discount could mean minimum fees of 30$ per trade lol). I also got into a long call position that went the wrong side one hour after I bought it (it's okay, everyone fell off their first bike ride right ?) and tried to "save the ship" by turning this into a covered call only to be told, after being transfered 6 times at my broker's customer service (I soooo want a job there now lol) that I need a different type of account to make this kind of transaction.... So as you can guess, I hope someone here can answer my questions, or at least point me to somewhere I can find my answers. So : 1- What type of account does it take to make options strategies other than buy and hope (erm hold ) ? (Wrting options, covered or not, debit and credit spreads ?). 2- Is there any gauge for the minimum amount needed to be in the account ? (like 50% of the trade or 2k, or things like that). Surfing a little bit on different brokers I saw somewhere you need 100 K to be able to write naked options..... ?? 3- Also do you have any real "discount" broker for trading option to recommand me ? (I trade in Canada but also interested in the US) 4- Do you know if they make credit verification for some options account ? Do they check income and things like that or it's just to be sure you're not a crook (Cause I'm a student and don't have any income right now and also got a negative net value due to the lovely financing of my studies) Well that pretty much sumarize it up, thanks a lot in advance for your answers !