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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Elroy Jetson who wrote (84122)	5/5/2007 9:42:55 PM
From: upanddown	Read Replies (2) of 206326

Elroy, there may be exceptions but I believe the only options trading you can do in an IRA is to buy puts/calls and then close out those covered positions. At Fido, you cannot sell naked options in an IRA. I think the rationale for that is the same as banning short selling in an IRA. If you buy options, your losses are limited to the premiums. If you do anything short, options or stock, your losses are theoretically unlimited. The IRS doesn't really care if you lose all your money. What they really care about is you losing all your money BEFORE paying taxes on it.

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