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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: xropotkin who wrote (24183)	2/23/2005 3:38:07 PM
From: mishedlo	Read Replies (3) \| Respond to of 116555

Scottrade has assured me that the only use of options available in an IRA account is via covered calls. That is 100% without a doubt false. They might be speaking for Scottrade but they are not speaking for the industry. Here are the rules for IB You can not sell naked calls. You can sell cash covered naked puts. You can buy all the calls or puts you want. You can not short but you can trade futures. Since many of the big stocks have SSFs you can short them INTC MSFT AMZN C JPM etc can be shorted via SSFs. You can buy or short futures at will even in an IRA. They will stop you out if your acct balance gets too low. Fidelity allows both calls and puts but no futures. It all varies place to place. Mish