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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (10683)5/10/1999 9:20:00 AM
From: Jon Tara  Read Replies (2) | Respond to of 14162
 
Doesn't matter that writing naked puts backed by cash doesn't use margin. It requires a margin ACCOUNT.

You can't be issued a margin account in an IRA.




To: Dan Duchardt who wrote (10683)5/10/1999 4:51:00 PM
From: VincentTH  Read Replies (1) | Respond to of 14162
 
Dan and Jon,

A while back, in this very thread, Greg Higgins found a small brokerage house in Chicago (if memory serves me) that allowed writing Naked Puts in IRA account, provided you use your cash to purchase T-Bills.

I don't have the URL off hand, but Greg may still have it, or you can go thru the archive. I believe the time frame is around Feb 98.

Hope this helps,

//V


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