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Strategies & Market Trends : Tech Stock Options
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To: Sundar Rajan who wrote (26517)10/21/1997 8:37:00 PM
From: Ira Player  Read Replies (1) of 58727
 
Unless the rules have changed, the only legal IRA use of options is the writing of covered calls. Any other use is treated as use of leverage, not allowed by the IRS.

You risk invalidating the IRA, with all the tax and penalty issues that entails.

Ira
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