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Most IRA accounts allow for stock trading. The restrictions are no
trading on margin and only covered call writing. I currently use
Charles Schwab which allows me to even day trade as long as I do not
commit more than I have in my IRA account. The only firm that I know
that allows option trading (PUT and CALL buying) is Brown & Co. They
have a $10,000 minimum for opening an account.
Hope that helps.
Mike Peters
> -----Original Message-----
> From: Robert C. Richmond [SMTP:rcrich@xxxxxxxxxxxx]
> Sent: Monday, November 02, 1998 2:47 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Trading IRA accounts?
>
> Adding to this thread - Is the trading of Puts and Calls allowed in
> any IRA
> accounts? I recently responded to a net site offer to provide info on
> such
> an account. So far it seems the invitation was pre-mature at best.
> So I am
> still looking for real answers. Maybe someone in this group knows.
>
> michael arnoldi wrote:
>
> > i use JACK WHITE for mutual funds, stock investing.
> > for shorting i use the rydex funds or the profunds @ a cost of $24
> per
> > trade.
> > stocks @ $32.40 per trade using the internet.
> > also look @ datek, i use them alot @ 9.99 per trade, but no mutual
> funds
> > available yet. & they have an annual ira fee, while jack white is
> free.
> >
> > mike arnoldi
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