Option Selling In Your IRA

Here is another email from a member that I thought you could learn from:

I just found out in my IRA account at Schwab, I can not trade any option spreads or Iron Condors on any Index.

My response:

It is not that you cannot trade these in your IRA. It is that Schwab will not let you. Big difference. I trade these in my IRA all day long and twice on Sundays. (joke).
 
If you are willing to switch brokers you can as well.

Big name brokers like Schwab like to protect themselves. They know that the general public is not sophisticated enough to be able to trade options much less sell options so in order to “protect” their customers they limit what types of trades you can do in your IRA account.

If it’s my money, I should be able to do whatever I want with it.

I used to have an IRA account at [...]