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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Mark Z who wrote (496)	9/17/1998 4:56:00 PM
From: mod	Respond to of 1383

I believe you are allowed to purchase options, and write covered calls, in an IRA. However, many brokers don't allow it, you'd have to check around to find a cooperative broker. Dennis

To: Mark Z who wrote (496)	9/17/1998 7:34:00 PM
From: Colin Cody	Respond to of 1383

I don't know if CBOE options are prohibited or not by the IRS. I think I've heard IRAs are not allowed to buy Options because they are too risky, and the TRUSTEE didn't want to be on the hook for inappropriate activity. . Many brokers won't let you buy a speculative Limited Partnership in their IRA either... but other IRA Trustees (Delaware Charter for example) will allow it.