Covered and Uncovered Calls in Margin Accounts - Online

This module will examine how margin is used when selling options short.

This course replicates the content from lesson 4 of Margin II: Advanced Margin for Options - Online

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer. Subscription period for this course is 90 days.


Those dealing with margin accounts containing options.
Students will be able to:
  • Identify basic characteristics, regulations, and requirements of covered calls in margin accounts and compare level of risk with that of uncovered calls
  • Recognize basic characteristics, regulations, and requirements of uncovered calls in margin accounts
  • Perform margin calculations for in the money, at the money, and out of the money uncovered call options
  • Calculate margin requirements for new vs. established uncovered calls
  • Compute Regulation T excess and identify how to apply the results
  • Recognize what is meant by a 'buy-in,' 'expiration,' and 'assignment' of an uncovered call
Basic knowledge of margin accounts and options is assumed.
  • Margin for Options: An Introduction - Online
  • Trading Index Options - Online
  • Margin Requirements for Spreads, Straddles and Combinations - Online
  • Day Trading Margin Rules - Online
  • Covered and Uncovered Puts in Margin Accounts - Online
  • Covered and Uncovered Calls in Margin Accounts
    • Covered calls
    • Uncovered calls
    • Covering and expiration of uncovered calls
    Duration: 1 hour