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Yes, except that the puts need not expire worthless. The at the money option premium decays as the square root of the time to expiration. So if you are just trying to hedge your total holdings, buy a put that is at least 2x the time to the earnings report.

Ok, that makes a lot of sense. When I first read that, I thought I made a mistake on the erp date, but as it turns out, the April puts I bought should be far out enough that I can still sell it after the report comes out. Whew!

That's odd. The normal rules in IRAs should allow you to buy either puts or calls.

I thought I read that somewhere. But when I asked my broker when I opened the IRA, the options agreement I signed was only for selling covered calls. I think I need to do more research on alternative brokers.

Thank you very much for the response.
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