The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone, Kirk here again at Option Alpha and welcome back to the daily call. Today, we are going to be talking about the basics of trading options in your 401K account or your IRA account. Most people obviously want to trade options, but you might think that it's hindered by the ability to trade options in your retirement account or 401K. The reality though is that it’s actually very easy to trade options in these accounts as long as you either go with A, the right broker or B, have the right trading approval levels. We’ve talked about this before in the past, but approval levels are different levels that allow you to trade more and more complex option strategies. Most brokerages when you start out with a brokerage account and fill out the questionnaire about risk and what you’re trying to do with the account, basically, they’re trying to assess what type of risk they should allow you to have, what type of options trading approval level they should grant you. When you fill out this, most brokers generall