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Re: jealmc79 post# 122272

Tuesday, 11/15/2022 12:01:40 PM

Tuesday, November 15, 2022 12:01:40 PM

Post# of 195293
I have several. My IRAs are enrolled in the securities lending program - no problem there. I unenrolled my normal trading account as they lent out shares against which I had written covered calls - creating a naked short position in the calls! That was the last thing I wanted.

My IRAs are enrolled as the basic account structure prevents this naked short call problem from happening there.

I guess I could open up another trading account, enroll it in the lending program, and then move only securities I was willing to lend into it - and also NOT write covered calls in that account. That is kind of a hassle, but might be worth doing.

If I could afford to buy all of them, I would not need to buy any of them and I sure wouldn't be spending time on the message boards!

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