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NO OPTION TRANSACTION IS ILLEGAL IN IRA ACCOUNTS YOU CAN DO ANY
STRATEGY LEGALLY>WHAT YOU CAN'T DO IS BORROW MONEY. SO YOU CAN
SELL AN UNCOVERED PUT, BUT YOU HAVE TO MAINTAIN THE FULL STRIKE
IN CASH.
Proffittak wrote:
> it is illigall to do even what fidelity allows
>
> the irs publication only allows selling covered calls
> if you do more it is TAXABLE INCOME THAT YEAR!!!!!
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