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Frankly, you'd have to be nuts to try to trade options in any account with
Schwab. Their commissions are outrageous!!!! Try Dreyfus or Brown & Co. I
switched to Dreyfus many years ago and will never go back. A 10 contract
trade with Schwab costs $70-90.00 each way. The same trade with Dreyfus
costs 17.50 each way. You will not get all the bells and whistles that you
get on the Schwab web site but they are useless for option trading anyway.
Good luck and good trading,
Ray Raffurty
----- Original Message -----
From: <Seven4skip@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: Friday, April 30, 1999 7:45 PM
Subject: OPTIONS
>
> Hello Real Traders:
>
> A couple of weeks ago there was some discussion of trading options in an
IRA.
>
> I have some money in an IRA with Schwab, and after many conversations with
> the customer service reps, I had pretty much accepted the "covered calls
> only" limitation placed on my account. They let me trade anything to my
> heart's content in the regular account, but continue to blame the IRS for
the
> imposed restriction in the IRA.
>
> For those of you who have IRA's with Schwab and are in fact doing more
than
> covered calls, I'd appreciate the name and number of the official you
spoke
> with to get the expanded approval.
>
> Thanks,
>
> Robert Henry
>
>
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