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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Mike Buckley who wrote (43460)6/15/2001 3:51:50 AM
From: Dinesh  Read Replies (1) of 54805
 
Mike

>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 trading LEAPs in an IRA, check out Dreyfus. It's cheap,
reasonably fast, uncluttered, has fewer bugs.

Insofar as trading naked options in an IRA goes, it's the
Fed who's to blame. Margin is not allowed in retirement
accounts.

-Dinesh
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