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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (2203)8/23/2001 2:59:48 PM
From: Brian Sullivan  Read Replies (2) of 5205
 
>> From about 1990 until 1995 I wrote options for my father's small retirement account to supplement his social security pension.

How were you able to write naked options in a retirement account?


He didn't say that it was a tax free retirement account like a IRA or 401k. He probably meant that it was an ordinary investment account that was used to supplement his social security. Remember that tax sheltered retirement accounts have only been around for the last 20 years or so. Before that people still had what they considered to be retirement accounts, but they didn't receive any favorable tax treatment.
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