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To: Jon Tara who wrote (4716)11/10/1997 4:23:00 PM
From: Sorin A. David  Respond to of 9124
 
I never used the word "naked options" in my answer, it was the other guys. I have a Profit Sharing Plan with Raymond James and they dio allow purchases of puts to protect an existing position. Not anything else. Also, selling covers calls are permitted.