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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Ira Player who wrote (26520)	10/22/1997 12:23:00 AM
From: Sundar Rajan	Respond to of 58727

>> Unless the rules have changed, the only legal IRA use of options is >> the writing of covered calls. Interesting. Actually Bernie Schafer's Investment Research Institute also mentioned to me another brokerage that lets u do options in your IRA - I think it's called Kennedy something. I had discussions with Brown & co over the options issue while opening the account and they did not mention penalties - I will check this out further. One of the reasons I wanted options in my IRA is because the account is pretty small and I did want to leverage it. Anyway, thanks for the info.