Provided you are suitable to trade all other products and strategies; the following trading activities are not allowed in an IRA.
- No overnight leverage and no borrowing
- No short selling stock
- No debit balances
Below is a table of allowed strategies for a Basic IRA.
|Short Sell Stock||☓|
|Sell Covered Calls||✔|
|Sell Cash Secured Puts||✔|
|Sell Uncovered Puts||☓|
|Sell Uncovered Calls||✔*|
✔* 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.