SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Judy who wrote (33787)10/11/1998 8:46:00 PM
From: Tan Tran  Respond to of 132070
 
Judy,

DLJDirect only allows the selling of covered calls in retirement
account. They don't even allow the buying of either calls or puts.
Their reasons being that these instruments are "wasting assets"
and this being a retirement account so they want to protect the
investors...

As a result, I can only sell calls against my positions and not
being able to utilize options to "fully" hedge them.

Regards,
Tan