Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Jamesbo who wrote (28007)	8/29/1999 9:05:00 AM
From: jmac	Respond to of 93625

I sell covered calls, I buy calls and puts in my IRA. There is no governmental obsticle to doing any of this in an IRA. If a particular brokerage firm does not allow the purchase of puts in an IRA, call their complaince dept and tell them you are going to switch firms if they do not allo you to buy puts in your IRA account. Most firms allow this for their regular customers. I have bought puts in my IRA account for the past 5 years or more. You're right about selling covered puts though--covered puts are against a short position which is not allowed in an IRA account.