Why the #&!% wont FIDELITY approve me for LEVEL 2?

Discussion in 'Options' started by up300konngz, Sep 20, 2020.

  1. How am I supposed to hedge my position if I cant buy PUTS?

    There something Im missing here? All I can get approved for is covered calls in my main acct. My ROTH however has level 2...
     
  2. Because your a low net worth piker....jus kiddin'
     
    up300konngz likes this.
  3. $20k or $25k min for Infidelity. You knew that already.
     
    up300konngz likes this.
  4. Pekelo

    Pekelo

    RobinHood is your friend. They will approve you with 25 bucks...
     
  5. zdreg

    zdreg

    :D
    But will they steal from the rich and give to poor traders as a real Robin Hood would have done.
    In English folklore Traditionally depicted dressed in Lincoln green, he is said to have robbed from the rich and given to the poor
     
  6. traderjo

    traderjo

    You are not allowed to buy Puts but allowed to do Covered Calls..that sounds upside down!
    Buying options is known and fixed risk compared doing CC which can be higher risk
     
  7. Pekelo

    Pekelo