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To be classed as professional, an account holder must meet two of these three criteria: Open 10 or more trades per quarter, of 150 or more. Have assets of 500,000 or more Have worked for two years in.
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Buy order An order to a broker to purchase a specific quantity of a security. Buy-write A covered call position that includes a stock purchase and an equivalent number of calls written at the same time. This position may be a combined order with both.
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