What if I do not have the proper level of clearance for these recommendations or my broker has denied my clearance-level application?
Income on Demand gives cash-secured puts and covered call options recommendations. Zach has written a great article that explains exactly how to apply for the proper level of clearance to perform these trades.
Obtaining this clearance is simple, and if you follow these step-by-step instructions, you should have no problem obtaining the right level of clearance for our options trades.
Often, brokers divide options trade authority into levels. These can vary from firm to firm, but typically a “Level 2” options account will allow you to trade call and put options.
Read the full article here.
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