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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rayvt ✧☼🐝🐝  😊 😞
Number: of 22354 
Subject: Re: 2026 Expected...
Date: 01/21/26 3:12 PM
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I just tried at Schwab to put in a fake order to sell such puts. With my non-margin account and being option level 1 only I expected that to be refused with a message "Higher option level required" or so. Not so. Non-margin account and option level 1 really is enough --- or would the expected message appear if I´d dare to click on "Submit"?

Probably not. The other day I put in an order at Schwab non-margin account and accidently typed too many zeros in the quantity. It immediately gave me a "No can do" message.


If you really want to try it out, put in an order when the market is closed -- like on the weekend. If it accepts the order you can cancel it. I do this every so often.


---------------
As for your immediate question, I did have a similar experience long ago in an IRA.
I called the broker and asked what would happen if I got assigned and didn't have enough cash.
He said: We would buy it and immediately sell it. If there was a loss we would treat it like a margin call and sell other holdings in the account.
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
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