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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: upanddown who wrote (84123)5/5/2007 10:42:33 PM
From: ChanceIs  Read Replies (1) of 206326
 
>>>I believe the only options trading you can do in an IRA is to buy puts/calls<<<

Schwab will let you do "cash covered puts," but you have to push hard to get it.

I makes so much sense to ban cash covered puts. Lets say you had $11 dollars in an IRA. If XYZ Corpwere trading at $11, and tanked, you would loose everything. Alternatively, you could sell an XYZ Corp $10 put for $1, have XYZ tank to zero, and be left with $2.

So by all means, lets have the retirement savers take on more risk by banning put sales.

Had your Victory Gin yet today???
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