Yes….but not very well J
I try to do small positions of SPY credit spreads and calendars every month. I’ve had mixed success though. I’m still trying to get a handle on the whole adjustment thing.
As others have stated, I believe you can do pretty much any type of position as long as it is not naked. I’m not certain, but they might even allow naked puts as long as you have the money to purchase the underlying, since you are basically saying that I’m willing to buy the underlying at the strike price. I have not personally traded naked puts at this point.
From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of CHARLES I WEBSTER III
Sent: Thursday, June 17, 2010 9:01 AM
To: OptionClub@yahoogroups.com
Subject: RE: [TheOptionClub.com] Options in IRA's
Thank you, Dennis...pls see my post to Robert...have YOU done CREDIT spreads in an IRA with TOS?????????? Traderkip
You're never old, unless
you think you are; but it
IS later than you think!
kipwebster@yahoo.com
--- On Thu, 6/17/10, Dennis Alverson <alv70669@gmail.com> wrote:
From: Dennis Alverson <alv70669@gmail.com>
Subject: RE: [TheOptionClub.com] Options in IRA's
To: OptionClub@yahoogroups.com
Date: Thursday, June 17, 2010, 6:45 AM
I have an IRA account with TOS and they allow me to make spread trades with pre-defined risk.
From: OptionClub@yahoogro ups.com [mailto: OptionClub@yahoogro ups.com ] On Behalf Of RobertH
Sent: Wednesday, June 16, 2010 4:44 PM
To: OptionClub@yahoogro ups.com
Subject: [TheOptionClub. com] Options in IRA's 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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