Option Spreads, Credit my Debit Message Board

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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: sergio who wrote (1934)	1/22/2001 2:54:59 AM
From: RoseCampion	Read Replies (1) of 2317

It's so irritating that we can't buy puts on our IRA account This depends on your broker. Many, many, allow Level II (sell covered calls, buy calls or puts) in an IRA account; a scant few allow even more (selling "covered" puts, for example). In any case, it's not an "IRS regulation", no matter what they tell you. The IRS simply says that retirement accounts can't have margin capability - fair enough. Exactly what that implies, and what kinds of trades and positions it allows and denies their customers to do is up to each individual firm. Allowing cash-secured puts is one example of a workaround, and by the same logic they could easily allow cash-secured debit and credit spreads, though I know of no one that does. -Rose-

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