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To: Zeev Hed who wrote (9678)	2/3/2001 1:27:15 PM
From: mishedlo	Read Replies (2) \| Respond to of 13572

It is up to the broker. You can not WRITE naked CALLs or PUTs (perhaps PUTs if 100% hedged with cash for a possible drop to zero), but Fidelity will otherwise let you BUY (as opposed to write) what you want. Spreads, calls, puts, leaps. Unfortunately you can not short for obvious reasons. I am with Fidelity. M

To: Zeev Hed who wrote (9678)	2/3/2001 1:53:24 PM
From: bowledover	Read Replies (1) \| Respond to of 13572

Zeev, there about 6 brokers I know of who will 'allow' one to buy puts/calls in an IRA. It is strictly up to the broker. Went through this issue on some other boards, year or more ago. Amazing the differences, bad info people put out. Have had customer service people tell me (read many more examples on boards) it is against the government's rules to buy c/p in an IRA etc.. Not true. Example, DLJ (now CSFB) won't permit buying calls/puts. Reason: too risky, an IRA is a 'conservative' investment instrument. But they let you sell calls! Seibert, on the other hand, says, do you know what you are doing? accept responsibility? ok, you can buy or sell calls and puts. I used to know all 6 (maybe more now) - others: Brown, Dreyfuss (sp?), perhaps E-trade or Ameritrade, not sure. No naked options anywhere in an IRA I believe because that entails margin and I believe the government does prohibit the use of margin in retirement accounts. Just visit sites. bowledover