Common use of Uncovered Options Clause in Contracts

Uncovered Options. The undersigned agrees that in connection with any uncovered options(s) for the undersigned’s account, uncovered options are prohibited in IRA accounts. The undersigned agrees not to sell, during the life of the options in the account, the underlying securities collateralizing such options, including any cash or securities which may accrue on the underlying covered securities until such options are closed, exercised or expired or the undersigned has metthe collateral requirements established by Apex and or the introducing broker for carrying uncovered options. The undersigned also agrees that the introducing broker and or Apex, in its respective sole discretion, may refuse any order to sell such underlying securities received from the undersignedor by means of a “give up” basis through another firm unless, prior to such sale, the undersigned has met the collateral requirements established by Apex and/or the introducing broker for carrying uncovered options Apex has the right, in its sole discretion, topermit the undersigned to apply the proceeds of such sale to such collateral requirements.

Uncovered Options. The undersigned agrees that in connection with any uncovered options(s) for the undersigned’s account, uncovered options are prohibited in IRA accounts. The undersigned agrees not to sell, during the life of the options in the account, the underlying securities collateralizing such options, including any cash or securities which may accrue on the underlying covered securities until such options are closed, exercised or expired or the undersigned has metthe met the collateral requirements established by Apex and or and/or the introducing broker for carrying uncovered options. The undersigned also agrees that the introducing broker and or and/or Apex, in its respective sole discretion, may refuse any order to sell such underlying securities received from the undersignedor undersigned or by means of a “give up” basis through another firm unless, prior to such sale, the undersigned has met the collateral requirements established by Apex and/or the introducing broker for carrying uncovered options options. Apex has the right, in its sole discretion, topermit to permit the undersigned to apply the proceeds of such sale to such collateral requirements.

Uncovered Options. The undersigned agrees that in connection with any uncovered options(s) for the undersigned’s account, uncovered options are prohibited in IRA XXX accounts. The undersigned agrees not to sell, during the life of the options in the account, the underlying securities collateralizing such options, including any cash or securities which may accrue on the underlying covered securities until such options are closed, exercised or expired or the undersigned has metthe met the collateral requirements established by Apex and or the introducing broker for carrying uncovered options. The undersigned also agrees that the introducing broker and or Apex, in its respective sole discretion, may refuse any order to sell such underlying securities received from the undersignedor undersigned or by means of a “give up” basis through another firm unless, prior to such sale, the undersigned has met the collateral requirements established by Apex and/or the introducing broker for carrying uncovered options Apex has the right, in its sole discretion, topermit to permit the undersigned to apply the proceeds of such sale to such collateral requirements.

Uncovered Options. The undersigned agrees that in connection with any uncovered options(s) for the undersigned’s account, uncovered options are prohibited in IRA XXX accounts. The undersigned agrees not to sell, during the life of the options in the account, the underlying securities collateralizing such options, including any cash or securities which may accrue on the underlying covered securities until such options are closed, exercised or expired or the undersigned has metthe met the collateral requirements established by Apex and or and/or the introducing broker for carrying uncovered options. The undersigned also agrees that the introducing broker and or and/or Apex, in its respective sole discretion, may refuse any order to sell such underlying securities received from the undersignedor undersigned or by means of a “give up” basis through another firm unless, prior to such sale, the undersigned has met the collateral requirements established by Apex and/or the introducing broker for carrying uncovered options options. Apex has the right, in its sole discretion, topermit to permit the undersigned to apply the proceeds of such sale to such collateral requirements.

Uncovered Options. The undersigned agrees that in connection with any uncovered options(s) for the undersigned’s account, uncovered options are prohibited in IRA accounts. The undersigned agrees not to sell, during the life of the options in the account, the underlying securities collateralizing such options, including any cash or securities which may accrue on the underlying covered securities until such options are closed, exercised or expired or the undersigned has metthe met the collateral requirements established by Apex and or the introducing broker for carrying uncovered options. The undersigned also agrees that the introducing broker and or Apex, in its respective sole discretion, may refuse any order to sell such underlying securities received from the undersignedor undersigned or by means of a “give up” basis through another firm unless, prior to such sale, the undersigned has met the collateral requirements established by Apex and/or the introducing broker for carrying uncovered options Apex has the right, in its sole discretion, topermit to permit the undersigned to apply the proceeds of such sale to such collateral requirements.

Uncovered Options. The undersigned agrees that in connection with any uncovered options(s) for the undersigned’s account, uncovered options are prohibited in IRA accounts. The undersigned agrees not to sell, during the life of the options in the account, the underlying securities collateralizing such options, including any cash or securities which may accrue on the underlying covered securities until such options are closed, exercised or expired or the undersigned has metthe met the collateral requirements established by Apex and or Clearing Corp. and/or the introducing broker for carrying uncovered options. The undersigned also agrees that the introducing broker and or Apexand/or Apex Clearing Corp., in its respective sole discretion, may refuse any order to sell such underlying securities received from the undersignedor undersigned or by means of a “give up” basis through another firm unless, prior to such sale, the undersigned has met the collateral requirements established by Apex Clearing Corp. and/or the introducing broker for carrying uncovered options options. Apex Clearing Corp. has the right, in its sole discretion, topermit to permit the undersigned to apply the proceeds of such sale to such collateral requirements.