Recent content by headlocal

Bummer, dude. Call MBT on the phone and see who outranks who, Brian or Courtney. Ask what series licenses they hold, and are they licensed for options trading (series 7 or 9 I think). It also may be that you have to establish an options account at level 1 or 2, which involves reading a...

re Elvis' experience - As soon as I see the fill on an option sale at Fidelity, the sale amounts appear in my cash balance, available for my next trade. This is useful, and crucial, for moves like flipping between adjacent straddles, which I do with regularity. Waiting 3 days for...

re my previous post: level 2 means no put-writing, no selling uncovered calls (both of which overtly involve margin activity, which is incompatible with the restrictions on funding IRAs) and, no debit or credit spreads (at least at Fidelity). Other brokers may handle spreads...

Fidelity allows option trading in an IRA (Roth or usual flavors), only up to level 2, since they don't allow margin accounts within IRAs. You have to go through the usual paperwork, of course. And, you have to be alert to NEVER let an in-the-money position go to expiration and get...