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Fred,
I'm pretty sure that the IRS regs prohibit a stock margin account in an IRA.
You cannot buy options without establishing a margin account; ergo no long
options (buying puts or calls). With that said, I believe the IRS permits
futures to be held in an IRA account.
My thought is that a perfect strategy (if one has a killer futures trading
system, i.e. "The Holy Grail") is to set up a Roth IRA Futures account and
make a mint tax free.
Marlowe
----- Original Message -----
From: Fred <srqblue@xxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Thursday, September 30, 1999 4:29 PM
Subject: Re: Options in IRA
> On Thu, 30 Sep 1999 17:11:18 -0400, you wrote:
>
> >You can trade options w many brokers as part of an IRA
>
> Ahhh, Forgive me I should have been more specific. Most ALL IRA
> accounts may sell covered calls. What I am looking for is a broker
> that will allow the BUYING of puts and calls.
>
> Fred
>
>
> "Success is the only test of genius" -R.Adm Daniel Gallery 1901-1977
>
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