Thursday, June 17, 2010

RE: [TheOptionClub.com] Options in IRA's

 

I have and I have sold naked puts.

 

From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of CHARLES I WEBSTER III
Sent: Thursday, June 17, 2010 10:01 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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