Level 3 Options Trading in a Solo 401k

TD Ameritrade just reneged on its promise to allow this, which baffles me. Any other zero commission brokers allow this. Fidelity doesn't.

 

Www.interactivebrokers.com pro

 

Cant do a Solo 401k at IB, I was told.

 

On Schwab, you cannot go on margins on your IRA, no level 3 (naked, short) allowed. Solo 401K is even more restricted, only level 1.

If you are self employed, you can set up both a 401K and an IRA with Schwab. After that, I think you can roll 401K contribution into IRA to trade level 2.

 

FYI guys, doing a level 2 with spreads attached as a rider at TDA in my Solo 401k. So far it works.

 

What the hell is LEVEL-3 options? only been in this business for 35 years, what the hell do i know...

 

Thought that was un-cash secured naked, etc.

 

Because you are one of them pros, not one of us mom and pop amateur retail.