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Sealy Corporation Message Board

  • parksplaza parksplaza May 24, 2009 7:02 PM Flag

    If I bought at 2.19, how do I sell the rights?

    need help, does anyone know?

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    • I assume you mean how do you do puts and calls. This is a course unto itself. It is not hard to do. Typically you must apply for permission from your brokerage company. It takes about 2-4 days to get enabled if they approve you. They will ask you some basic questions required of them. Just be honest, as it's mostly just data collection. You want Tier 2 rights. You won't be allowed to go any higher unless you have at least 25k in your account and some liquidity, buy you can do calls and puts with lower amounts.

      Go to sites like and read the options basics.

      If this is not what you meant, they you'll have to ask a clearer question. I'm not likly to be back on this board, but someone else might pick up your question.