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Could you do this with any brokerage, or would others tell you "no, not letting you do that"? E.g. if we accept the gambling comparison, in actual gambling we d
by detaro 5y ago
Could you do this with any brokerage, or would others tell you "no, not letting you do that"? E.g. if we accept the gambling comparison, in actual gambling we do regulate (admittedly to different degrees, and not necessarily successfully) what gambling providers can and can't do.
- cl42 5y agoYou can definitely buy $400K worth of call options on other brokerages. Aside from the initial onboarding period + making sure you have the money (which he did), I don't think there's anything stopping you from doing this anywhere.
- geoduck14 5y agoI have a Merrill Lynch account. I signed up to trade options and they asked me to read and agree to a 80 pdf. I have this "thing" about reading things before I agree to them - so I read it. By the time I got to page 10, I had lost interest and moved on.