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Technology Stocks : Compaq
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To: Tom Gebing who wrote (23438)3/26/1998 3:02:00 PM
From: Mike Gordon  Read Replies (1) of 97611
 
<<You can only buy protective puts and write calls against you stock holdings in a IRA. That is the rule.>

Tom: Thanks for the quick response. "That is the rule". Is that an IRS rule, SEC rule, or an industry rule. Selling puts in an IRA should be allowed if covered calls are allowed. There is no fundamental difference if the put you sold is covered with cash.

Mike
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