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Technology Stocks : Ascend Communications (ASND)
ASND 212.29-2.2%Nov 19 3:59 PM EST

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To: Sowbug who wrote (37523)3/4/1998 5:40:00 PM
From: Matt Webster  Read Replies (1) of 61433
 
Sowbug, some IRA's do allow selling of what is called cash-protected puts. You don't have to hold the shares but you do have to escrow enough cash to be "put" if the event happens. So to sell a $35 put, you have to escrow $3500. This is better than going long stock, assuming low transaction costs, because you collect interest on your cash, plus the cash you bring in, plus you get the premium.

Matt
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