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Elmer Phud

04/11/08 11:24 PM

#61211 RE: Saturn V #61210

But these orders are in my IRA account. I will have to convert my IRA account to allow option trading.

Not true. I've been writing cash secured Puts in multiple IRA accounts for years. I can also do spreads and the margin requirement is only the difference between the 2 strike prices. Fidelity and Schwab both allow the Puts. Fidelity allows the spreads.

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willco

04/13/08 4:10 PM

#61271 RE: Saturn V #61210

If you have sufficient cash in your IRA account to cover the puts when exercised you are allowed by most brokers to write the puts in an IRA. Will