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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (12408)2/29/2000 11:52:00 AM
From: jebj  Read Replies (1) | Respond to of 14162
 
>Two reasons: (1) You cannot use margin in an IRA.

Well, told you I was missing something! Didn't realize you were talking about IRA accounts. :):)

> (Currently, if you buy and sell the same day only a couple of times a year you are considered a daytrader.)

Yup - but not by IRS rules, huh? :)

jb



To: Dan Duchardt who wrote (12408)2/29/2000 2:30:00 PM
From: Ira Player  Read Replies (1) | Respond to of 14162
 
I've heard people argue that you can still have an IRA in a margin account, but I've never heard of a broker who will manage a margin account restricted from using margin. That would require a whole new set of accounting rules. I've never seen anything but cash accounts for IRAs.

Not quite true.

I routinely sell covered calls within my IRA's.

Option trading requires a margin account...but the ability to borrow is restricted.

Ira


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