Permissible strategies in an IRA account
|IRA The Works (Margin)||Basic (IRA)||Limited/Cash* (IRA)|
|Short Sell Stock||☓||☓|
|Sell Covered Calls||✔||✔|
|Sell Cash Secured Puts||✔||✔|
|Sell Uncovered Puts||☓||☓|
|Sell Uncovered Calls||✔*||☓|
|Smalls & 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.
✔**Your account must qualify for IRA The Works to apply for futures trading. For more information, please click here.
Non-permissible trading activities
- No overnight leverage and no borrowing
- No short selling stock
- No debit balances