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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 176.51-1.5%10:45 AM EST
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To: LLCF who wrote (46699)10/31/1999 4:42:00 PM
From: Uncle Frank  Read Replies (2) of 152472
 
>> I was very surprised as I've been in the business 20 years and always thought covWrite was all that was allowed. Still don't know if the guy's right or not

I can testify from personal experience that the guy was right. I have an IRA at Fidelity and have bought puts, calls and LEAPS, and written covered calls in it. The only options play that is not allowed is writing puts, since that is a marginable action. Margin cannot be employed in an IRA.

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