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To: MonsieurGonzo who wrote (10735)	2/11/2002 10:50:42 AM
From: phillong69	Read Replies (1) \| Respond to of 11051

Fair enough. Of course, the downside volitility is just as large as the upside (actually, very possibly moreso). My (admittedly limited) experience with that kind of a strategy is that once in the money, the call value tracks the stock price fairly closely, when they fall out of the money they can decay fairly rapidly. So I'm not sure that the upside/downside leverage is equal with that strategy (as it is with a straight out stock purchase). I also know of no broker that will let you play hard core options games with retirement accounts. I'm just thrilled that Datek is going to start letting me write covered calls with the Roth. I've been happy writing covered calls in the trading account . Bought some RHAT on a lark at 3.50, was amazed that it got up to 5.30, wrote march calls there for 1, watched it go to 9 (shaking head), now watching it break support at 8 and go back to who knows where. At times, the calls have almost no time value left whereas I got about .70 when I wrote them. For the Roth, I'm looking to go long on something when there looks like a good EP. Maybe PEP or AA and write some calls on it when it looks like it tops out.

To: MonsieurGonzo who wrote (10735)	2/11/2002 4:42:33 PM
From: Gersh Avery	Respond to of 11051

In case you haven't located one of the brokerages that trade options within a IRA : optionsxpress.com

To: MonsieurGonzo who wrote (10735)	2/11/2002 9:49:21 PM
From: Nancy	Respond to of 11051

Steve, Fido allows you to speculate on options in retirement a/c. i have one regular ita they allow me to long call or put, and do spread. but they only allow my roth to write covered call. dont know why, haven't asked. totally agree on djx options. actually the at the money type seems the best.

To: MonsieurGonzo who wrote (10735)	2/12/2002 9:10:51 AM
From: Gersh Avery	Respond to of 11051

WOW .. you got a couple of good responses from that. OptionsXpress offered one of the lowest commission rates on options. Write a naked put in a IRA? No problem. Spreads, collars, butterflies etc .. these folks speak options. All inside a IRA. Anything where the risk can be quantified. Naked calls a no-no for that reason.

To: MonsieurGonzo who wrote (10735)	2/13/2002 2:25:52 PM
From: Gersh Avery	Respond to of 11051

DJX 100 Feb's ... tick tick tick ...