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To: manalagi who wrote (84129)	5/6/2007 12:51:34 AM
From: Dale Baker	Respond to of 206326

It is not an SEC rule; ETrade will let you use those funds right away in an IRA if you don't sell the securities you bought before the securities you sold settle in three days. Amazing what national brokers don't know about the actual SEC rules.

To: manalagi who wrote (84129)	5/6/2007 1:08:19 AM
From: upanddown	Read Replies (1) \| Respond to of 206326

- Only writing covered calls and buying married puts are allowed. So why do you stay at TD Ameritrade? I moved everything when the merger was announced last year. Who needs it? Bare-bones operation, e-mail contact only, mediocre website and just average commissions? Fidelity, for one, is much better. You also get extras when you move. Fidelity gave me 25 free trades and reimbursed me for all closing costs from TD Ameritrade. Not that the idiots at TD Ameritrade have actually recognized that my accounts are permanently closed out. I have gotten 20-30 pieces of mail from them since I left including 6 this week with "important" news about my accounts, even though it has been 15 months since all funds were transferred.

To: manalagi who wrote (84129)	5/6/2007 7:01:15 AM
From: Bearcatbob	Read Replies (1) \| Respond to of 206326

I use Ameritrade. Something is disconnected here. When I sell a stock I get to use the funds immediately - street account and IRA. The exception I know of is if the sold stock has not settled. So - something I have held a while can be sold and the funds used immediately. Something bought and then sold - funds from buy need to settle for reuse. Bob

To: manalagi who wrote (84129)	5/6/2007 11:49:51 AM
From: ChanceIs	Respond to of 206326

>>>- Only writing covered calls and buying married puts are allowed.<<<< Isn't that a crock???? Anybody who has spent more than 48 hours thinking about options has come to the realization that a "covered call" is the complete equivalent to a naked (short) put. No difference whatsoever - in the FUNCTION. If the naked put has cash set aside to cover an assignment, then it might be called a "cash covered put." There are differences in what happens in the account surrounding the position. If truly operating in the "cash covered put" mode, the software will have to set the cash aside. This is no big deal of course, since that is all written and tested a million times for margin accounts. A second difference is that to entered a covered call, one must pay two trade commissions and beat two spreads, vice one each for the cash covered put. Ah well. The brokers aren't too upset about that. I heard (circa 1987 and that crash) that lots of little old ladies, who had been sensibly employing naked puts complained because they ended up holding lots of stock through assignment. Why would that have been a bad thing if they had studied hard and determined that stock possession at the strike price was satisfactory for them? Of course the little old ladies thought they had found the well of infinite wealth and no risk. They screamed to the SEC and ruined a good thing for everybody else. It reminds me more than little of the current batch of whiners attempting to renege on their condo purchase contracts now that the real estate market has turned and they can't flip the purchase contract for $25K more tomorrow. "I didn't know the market would stop going up!!!!!!" I remember back in Gulf War I, some pathetic woman was taped screaming at her congressman because her reservist son had been called up to go to Iraq. "I didn't know he would have to go to war." She just wanted the free college tuition w/o the downside. Far too much of that thinking in the US these days. End of Sunday morning sermonizing for me.

To: manalagi who wrote (84129)	5/6/2007 2:34:52 PM
From: energyplay	Read Replies (2) \| Respond to of 206326

I have bought both puts and calls in IRAs with both Schwab and Fido. I have also done the sell ABC buy XYZ. You will need to then hold XYZ for three days, and have held ABC for three days prior to selling. >>> " "Sir, it is not our rule but SEC." <<< You are dealing with a low level person who was given a set of rules, but nothing on where each rule comes from. He doesn't even know what he is saying is false. It is actual a Federal reserve rule, BTW. You might try asking for a supervisor.