CHICAGO--(BUSINESS WIRE)--tastyworks, one of America’s fastest growing online brokerages, announced an industry first for IRA investors. From the innovative team that has been changing finance since 1999, comes a full offering of option strategies in your IRA. tastyworks will allow for undefined risk positions in an IRA including strangles, straddles and naked calls.
Scott Sheridan, one of the original Co-Founders of thinkorswim and now the CEO of tastyworks said, “This effort has been in the works for a long time and finally, individual investors can be the ones who determine what strategies they want to use with their funds regardless of account type. We are super excited to cross this bridge and allow our clients to trade whatever option strategies they like in an IRA.”
tastyworks expects its clearing firm to complete their testing and lift its restrictions by March. At that point customers will be able to apply the new strategies in their IRAs.
tastyworks does not charge a fee to open an IRA or an annual fee to maintain an IRA account. tastyworks also introduced capped commissions in 2018 to further reduce trading fees.
Based out of Chicago, IL, tastyworks is a brokerage firm, creating and leading a financial revolution for the do-it-yourself investor. The brokerage firm was founded by the same anti-Wall Street team that created thinkorswim in 1999 and tastytrade in 2011. tastyworks supports investors who want to actively manage their own money with a powerful platform, embedded engaging content, and a unique commission structure. tastyworks is a subsidiary of tastytrade. For more information visit www.tastyworks.com.
The parent company, tastytrade is one of the most-watched online financial networks, engaging investors and traders across 150 countries with 8 hours of daily, live, cost-free and commercial free programming. tastytrade offers over 50 original segments for new and seasoned veteran traders. tastytrade’s research-based content teaches a logical, mechanical approach to investing and identifying opportunities based on probability and volatility. Investors are continually challenged with financial math, humor and new market perspectives. tastytrade includes over 30 million hours viewed of free archived programming.