Option trading permissions are available for Margin, Cash and IRA/Retirement accounts.
A Margin account may request any level of option trading permissions(1-4). A Cash or IRA account may only request levels 1-3, and full payment is required for all call and put purchases.
Please Note
- IBKR cannot disclose its eligibility requirements for products. Please do not contact Customer Service to ask for these criteria as they cannot provide additional information.
- IBKR reserves the right to restrict clients from exercising long options if the effect of the exercise would place the account in a non-compliant state. Find more information on expiration & corporate action related liquidations in the IBKR Knowledge Base.
- In Cash or IRA accounts, Calendar Call Spreads are not permitted, while spreads with identical expiration dates are authorized for European-style options only. This restriction applies to cash account types, including IRA accounts with margin approval.
Additional Information
- Option Levels 1-4
- How do I upgrade from a Cash to a Margin account?
- What are the requirements to qualify for option trading permissions?
Disclaimer
- Options involve risk and are not suitable for all investors. For more information read the Characteristics and Risks of Standardized Options, also known as the options disclosure document (ODD). Alternatively, please contact IBKR Customer Service to receive a copy of the ODD.