Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 258.64

-1.0%

Dec 16 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mitch-c who wrote (38996)	10/31/2000 11:48:57 AM
From: willcousa	Read Replies (1) of 70976

Most firms allow the writing of covered calls and the purchase of protective puts in IRA's. I have had IRA's with 4 firms - Pru, SSB, Schwab & Etrade. All permit this. The IRA statute is vague on this subject and the above is a sort of consensus agreement among the firms as to what would be permissible. I personally believe that it would do no violence to the statute if we were allowed to own long leaps as well but know of no broker who would permit it. Hopefully, we can get some loosening of the rules if the republicans get into power.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next