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To: Bridge Player who wrote (6235)4/9/2000 11:44:00 PM
From: KFE  Read Replies (1) | Respond to of 8096
 
Bridge Player,

You might want to look into these questions before doing spreads in an IRA.

Message 12402844

Regards,

Ken



To: Bridge Player who wrote (6235)4/18/2000 10:27:00 PM
From: rkral  Read Replies (1) | Respond to of 8096
 
Bridge Player,
Schwab replied that they permit the following in an IRA:
1)writing of covered calls, and
2)buying of covered puts (married put).

I'm guessing that 2) only means I can buy a put for every 100 shares of underlying I own. Is this correct? I always imagined a "married put" was going to be something more sophisticated.

Regards,
Ron

P.S. FWIW, Neither Ameritrade, Fidelity, nor Schwab permit selling fully cash-covered puts in IRA accounts.


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