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To: Alberta's Child

I’ve NEVER heard of any old brokerage who can open what I believe you are referring to which is a a SEP-IRA account in which you can buy stocks or bonds and sell covered calls and buy long options (puts or calls) but cannot go short. That happens to be a small limitation because there now so many etfs which you can buy (go long) but which act market-short.

I have one with Etrade. Before that I had one with Scottrade. ANY brokerage can do this. Super ultra discount brokerages like IB or Lightspeed may not WANT to open such an account but any old kind of Schwab etc; does this every day.

It is the brokerage whom is the custodian. You are the director. “Self-directed”.


5 posted on 04/25/2017 7:42:02 AM PDT by Attention Surplus Disorder (Apoplectic is where we want them!)
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To: Attention Surplus Disorder

Sorry, should read:

I’ve NEVER heard of any old brokerage who **CAN’T** open

Absolutely bread and butter deal for them.


6 posted on 04/25/2017 7:43:09 AM PDT by Attention Surplus Disorder (Apoplectic is where we want them!)
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To: Attention Surplus Disorder

See Post #8. I’m finding that “any old brokerage” has no interest in non-traditional investments.


10 posted on 04/25/2017 7:45:49 AM PDT by Alberta's Child
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