Options for Newbies -(Help Me Obi-Wan-Kenobe) Message Board

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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)

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To: Mike Buckley who wrote (2105)	6/18/2001 2:32:38 PM
From: bobkansas	Read Replies (1) of 2241

Mike, I have B & J for my IRA, my wife's IRA, and soon my mother's IRA. I have been able to do naked puts with no problem. Selling naked calls in an IRA is the only real no-no and that can be taken care of by making it a buy/write order or by doing a bear/call credit spread, or by doing a bull/put credit spread. Mike, I have followed you over the years over on the Gorilla thread. Send me a private message if you want more info. I would be glad to help you. I get no money out of it but nice to see someone I respect do well. BTW, Jerry, who is one of the brokers does not aggresively try to have customers trade. He has tried to talk me out of trades more than encouraging me to trade. Very, very nice to have that in a stock and options broker. Harder to go broke that way, especially when we are talking retirement money. Bob Martin

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