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Technology Stocks : Dell Technologies Inc.

DELL 127.22

+3.8%

Nov 24 3:59 PM EST

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To: Mr. Aloha who wrote (112048)	3/25/1999 9:16:00 AM
From: Mike Gordon	Read Replies (1) of 176387

Ref: "Since the gains from selling puts are always taxed as short-term capital gains, this can be a more useful strategy in an IRA, if you have a broker who lets you do that. In an IRA, you need to be covered with cash (yet another version of "covered put"), so you can't get overextended." Mr. Aloha: I've spoken to several brokers which advised that selling puts in an IRA account is not allowed. The reason being that all tax deferred accounts are not eligible for margin and therefore will not allow short puts (sale of puts). I contend that margin is not required if cash equaling the strike price of the put is available in the account. (Selling the put against cash) Does anyone know of a broker who allows the sale of puts, when supported by cash, in a tax-deferred account?

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