Task: Discover ROTH IRA Options that will allow active LEAPs
I’ve been enjoying reasonably consistent returns with option trading and have begun adding LEAP options to my traditional portfolio in small tests. Will need to consult actual financial advisor but believe I have a small amount of available contribution still available to me for the year. After confirming the opening and tax benefits I will also have to confirm which brokerage will allow active trading of options in a ROTH 401k and see what sign up bonuses I may qualify for or what have the best interfaces
I can purchase some decently high yielding stocks and sell DITM LEAPS against those positions with extrinsic values higher than the annual dividend remaining upon entry and just forget about it. The result is a higher than average dividend yield and just about zero volatility, e.g. a damn sight less risky than purely long stock with additional leverage and a juiced effective income yield. –Reddit
Solution: Incomplete
Currently, interested in learning more about TD Ameritrade and Meryl Edge options as the compatibility with Think or Swim or direct bank integrations seem ideal. Did see signup bonuses of $600 that would be worth discovering requirements for.
Notes:
Review IRS Publication 590
