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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?


To: JohnM who wrote (2736)10/15/2001 8:48:29 PM
From: Dan Duchardt  Respond to of 5205
 
John,

I didn't think we could sell puts in an IRA? Does it depend on the broker?

I don't have such an account, but I have heard second hand that there are indeed some brokers who will allow put selling in an IRA. In every case I have heard of, the short puts must be 100% cash secured (i.e., you must have the strike price in cash to back up the put. The only place I know of that advertises such is

stockoptions.com

Dan



To: JohnM who wrote (2736)10/15/2001 8:59:16 PM
From: BDR  Read Replies (1) | Respond to of 5205
 
<<I didn't think we could sell puts in an IRA? >>

Selling puts requires margin and IRAs can't be set up as margin accounts. I believe that is an IRS requirement, but there may be exceptions.