The only trade that TOS does not allow in an IRA is a
selling a call unsecured.
George
--- On Wed, 6/16/10, RobertH <robhansen5252@hotmail.com> wrote:
> From: RobertH <robhansen5252@hotmail.com>
> Subject: [TheOptionClub.com] Options in IRA's
> To: OptionClub@yahoogroups.com
> Date: Wednesday, June 16, 2010, 6:43 PM
> This was probably discussed in depth
> a while back, but I tried to place a simple bull call spread
> in my wife's IRA account with TDAmeritrade. The trade
> was rejected because margin is not allowed on IRA accounts.
> Spread Option trading requires margin as it is Level III of
> option trading.
>
> I have my IRA account with BrokersXpress which is somehow
> associated with OptionsXpress. (Not sure of the
> linkage, but I also have a personal account at OptionsXpress
> and I can access both accounts from either account on the
> web platform. In fact the platforms are
> identical). Anyway, I have many different option
> strategies going on in my IRA including condors, diagonals
> etc.
>
> Question: Does TOS allow spread trading in their IRA
> accounts, or have they possibly disallowed them after
> TDAmeritrade bought them out?
>
> Thanks,
> RFH
>
>
>
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