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To: Ritch who wrote (60849)1/7/2000 10:06:00 PM
From: engineer  Read Replies (2) | Respond to of 152472
 
YOu are right. I can sell covered calls as the only thing that happens to me is that I either get to keep the cal premium or loose my stock and gain cahs to the account. My mistake. But buying Leaps and other naked options is not allowed. The margin story checks with what I was told are standard SEC/IRS rules.