Provided you are suitable to trade all other products and strategies; the following trading activities are not allowed in an IRA.

  1. No overnight leverage and no borrowing
  2. No short selling stock
  3. No debit balances

Below is a table of allowed strategies for a Basic IRA.



Basic (IRA)
Buy Stock
Short Sell Stock
Buy Options
Sell Covered Calls
Sell Cash Secured Puts
Defined-Risk Spreads

Sell Uncovered Calls✔*
Futures


✔* To qualify for uncovered call writing in an IRA account, you must have the suitability requirements for The Works–our highest trading level. To learn more about enabling short calls in an IRA, please click here.