@ScottiePipn Let me confess something to you: I had never heard the term "Tier 4 Options Account" and I had no idea what you were talking about. :-) GIMF (Google is my friend), though, and I found this, which seems illuminating: theoptionprophet.com/blog/w... But you apparently know all that already. Anyway, I've been writing options for some number of years now, as you have noticed. I'll answer more a bit later on. Interesting questions!