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At 03:47 PM 11/2/98 -0700, you wrote:
>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
>
>
My understanding is that IRAs may not be margin accounts and thus may not
trade long and short options by themselves. Covered calls, however, seem to
be permitted but you should inquire and be sure.
Best regards--
Chuck Engstrom
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