Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who started this subject	6/13/2001 3:31:57 PM
From: Mike Buckley	Read Replies (2) of 54805

My impression is that very, very few brokerage firms will allow you to purchase LEAPS in your Gorillas (or to trade any naked option) in an IRA. Other than Fidelity, the first 20 brokerages I called don't allow it. For the non-working folks like me who do not want their income to be a criterion for authorization to trade options, I know of only one company that doesn't use that criterion. Fortunately, it also allows trading of naked options in an IRA. If those two issues are as important to you as they have become to me, you might want to contact Benjamin & Jerold, a Chicago-based brokerage firm. Their website is at stockoptions.com I spoke with Ben Stevens, the Benjamin of Benjamin & Jerold. It has been a long time since I have spoken with anyone in the securities business who is so articulate, cordial, respectful of individual shareholder rights, concerned for their safety, and informed. I got that impression from an extended conversation that went well beyond the original intent of my phone call. I will keep the thread informed of my opinion of the firm as I go through the application and order-execution processes. --Mike Buckley

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