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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: dr. z who wrote (33785)10/11/1998 5:56:00 PM
From: Judy  Read Replies (1) | Respond to of 132070
 
Have you asked Schwab the reason why they do not allow the selling of covered calls and the buying of puts on the same equity? It may have to do with the creation of an options spread which requires margin and retirement accounts cannot have margin status.



To: dr. z who wrote (33785)10/11/1998 6:32:00 PM
From: Knighty Tin  Read Replies (2) | Respond to of 132070
 
Dr. Z, I am using Brown & Co. for my IRA. Schwab sounds like they haven't taken their Prozac, as that rule makes no sense whatsoever.
Brown's only limitation is that you can not be long more than 25 pct. of the value of your IRA in options.
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