Option Trading Articles: Re: [TheOptionClub.com] SuperPut

Tuesday, June 30, 2009

Re: [TheOptionClub.com] SuperPut - SID

Think or Swim. But, any options savvy broker allows you to sell options
in an IRA.

Christopher Smith
TheOptionClub.com

--- In OptionClub@yahoogroups.com, "jeff_williamsen" <jeff@...> wrote:
>
> Who is your broker?
>
> Jeff W
>
> --- In OptionClub@yahoogroups.com, "Christopher Smith" chris@ wrote:
> >
> > Jeff,
> >
> > Your statement is not true. Short options are permitted in an IRA
and
> > there is nothing about a short option that threatens the account's
tax
> > sheltered status. The legal limitations concerning investments in
an
> > IRA are very few.
> >
> > Your broker may limit what you trade in your IRA. But that is their
> > call and has nothing to do with legality, rationality, or
practicality.
> > I've been trading short option positions in my IRA accounts for
years.
> >
> > Christopher Smith
> > TheOptionClub.com
> >
> > --- In OptionClub@yahoogroups.com, "jeff_williamsen" <jeff@> wrote:
> > >
> > > Vikas,
> > >
> > > The only short positions allowed in an IRA is Covered Calls, and
Cash
> > Secured Puts is effectively the same thing. No other shorting is
allowed
> > to protect the 'tax sheltered' status of the account.
> > >
> > > Jeff W
> > >
> >
>

__._,_.___

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