### Comment:
Not with level four. The buying power reduction would be a couple thousand, not the full cost of 100 shares. Leverage is a beautiful (and dangerous) thing.

### REPLY:
That’s news to me. I’m level four but selling naked options still hits my borrowing power hard. In either case, OP doesn’t know the difference between a put and a call, so I’m assuming he’s not level 4.

### END.