Tuesday, June 30, 2009

Re: [TheOptionClub.com] SuperPut - SID



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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