buy ES put option from my IRA account(sell)

Discussion in 'Trading' started by stevenw, Oct 26, 2008.

  1. stevenw


    My IRA account has money. My othe account has too many ES positions. I do not want to sell low now and miss potential rally, but I am worried margin call. I do not want to 'transfer' ES to IRA because I want to cash outside IRA. I want to buy ES put option but primium is too high.

    So I bought the same ES put option position from my IRA account(sold). currently these two accounts are in the same brokeage company and they found it out and told me it is not permitted and should never happen again.

    Does anyone has any suggestion to buy/sell option within ourselves so that we can pocket premium ourselves?