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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: Richard James who wrote (12856)	5/30/2000 1:03:00 AM
From: James F. Hopkins	Read Replies (3) \| Respond to of 14162

RJ; Your broker should let you buy protective puts even in an IRA..( if you own the stock ). I do it with waterhouse & in my IRA, but agian it's only on stocks I own and they must either expire or I must buy them back before I sell the stock. Talk to your broker if your attempting to "scalp" a dividend close to the ex date, as you don't become the owner of record until the trade settels.."3 working days after the trade, so on long week-ends like this one it can be as much as 6 days before you are the owner of record. Many people trip up trying to cut things to close. Jim