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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: dr. z who wrote (1376)	4/16/2000 8:45:00 PM
From: Mark Z	Read Replies (1) \| Respond to of 2317

This is a traditional IRA although I've had a Keough there as well and the rules are the same. For every 100 shares, you can buy 1 put and sell 1 call simultaneously. And if a boater or broker gives you any grief over that (I've had a boater wrongly block a trade), escalate it to your team manager & make them credit your acct with enough free commissions to make up whatever you lost while the issue was being resolved. A few months back I owned ICGE with a call written against it & went to buy a put and they blocked it. By the time they resolved it, I was out $500 and I got that much credit in commissions. BTW, I rolled my Keough into my IRA last summer simply because the friggin' web site won't let you close out an option position in a Keough and it took too long to reach a broker to get the trade in. They fixed this bug in Telebroker in about 30 days. Its been reported to web support for over 2 years now and they still tell you 'we're working on it'. Yeah, right.