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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Greg Higgins who wrote (6612)1/29/1998 8:31:00 AM
From: Herm  Read Replies (2) of 14162
 
Thanks Greg,

Everyone can learn something everyday of their life! Here is a clip off their web page.

IRA QUALIFIED ...

Benjamin & Jerold now accepts virtually all Index and stock option trades in your IRA. Our low discounted rates remain unchanged. This includes...

BUY / WRITES - long stock and short calls
ALL INDEX SPREADS - e.g. OEX, SPX, NDX, XAU, SOX, TXX, etc.
LONG STOCK OPTIONS - both puts and calls e.g. IBM,Kodak, Microsoft, Oracle, Abbott Labs, Wrigley, Walgreens etc.
SHORT EQUITY PUT options - with 100% collateral
Since risk cannot be quantified, naked short Index options and naked short call stock options are not permitted. As you can see, your latitude to trade options is now expanded considerably.

This increased parameter is available to IRA accounts in excess of $15,000.

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