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Non-Tech : The Critical Investing Workshop
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To: imaluckylady who wrote (9491)3/28/2000 5:50:00 PM
From: Clappy  Read Replies (2) of 35685
 
Hi Lucky,

You can call me anything you want as long as it doesn't mean anything bad, slimey, scuzzy, or puss filled and is not related to a persons posterior. I reserve those names for my lovely wife to use when I occasionally push her past her breaking point (like the time I walked into the house after playing tackle football in the mud with my 3 year old and 4 year old sons after putting them in their new outfits that my dear mother-in-law <said with most sarcastic voice> had given them and who also happened to be on her way over to visit, and I quickly responded to my wife's yelling by saying, "Oh, lighten up"...).

Thanks for the Fidelity info.
I just got my approval for selling covered calls today.
This is a SEP-IRA account so I'm not sure how many various types of options trading they will allow me to do.
I believe that I can only write covered calls with this account.

I've got a newbie question for you. In addition to selling covered there is an choice listed in the Actions Menu as "Buy To Close". Does this mean I can only buy calls to close an "Existing" position of covered calls that I had written earlier?
Or can I actually buy calls?

My regular (non-IRA) account is with Datek. They claim to be starting options trading in April sometime.
Instead of transferring my funds elsewhere I may wait it out.

I wonder if it may be a good idea to beef up my options trading experience when filling out that application...

Thanks again.

-MuddyWatersGuitar
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