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Politics : Formerly About Advanced Micro Devices
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To: Petz who wrote (60481)6/4/1999 1:06:00 AM
From: Elmer  Read Replies (1) of 1583413
 
Re: "Elmer, Gary -- seems like cash-backed puts should be legal in an IRA account but they're not. "

Someone has given you bad information. I have put writing privileges in my IRA at Schwab, although it wasn't easy to get. I do have to have the cash to back them because no margin is allowed in IRA's, according to Schwab. I write puts in my IRA most every month.

EP
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