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Pastimes : Home on the range where the buffalo roam

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To: Zeev Hed who wrote (9678)	2/3/2001 1:53:24 PM
From: bowledover	Read Replies (1) of 13572

Zeev, there about 6 brokers I know of who will 'allow' one to buy puts/calls in an IRA. It is strictly up to the broker. Went through this issue on some other boards, year or more ago. Amazing the differences, bad info people put out. Have had customer service people tell me (read many more examples on boards) it is against the government's rules to buy c/p in an IRA etc.. Not true. Example, DLJ (now CSFB) won't permit buying calls/puts. Reason: too risky, an IRA is a 'conservative' investment instrument. But they let you sell calls! Seibert, on the other hand, says, do you know what you are doing? accept responsibility? ok, you can buy or sell calls and puts. I used to know all 6 (maybe more now) - others: Brown, Dreyfuss (sp?), perhaps E-trade or Ameritrade, not sure. No naked options anywhere in an IRA I believe because that entails margin and I believe the government does prohibit the use of margin in retirement accounts. Just visit sites. bowledover

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