Which broker supports option navie short in RRSP account?

[ChinaFarmer]

I want to do some navie short call/put option in my RRSP account. Does anyone know which broker support this in Canada so that I could transfer there? Thanks!

 

[Green158]

For all type registered accounts , all canadian brokers only allow clients to buy call/put and sell covered call.

 

[TXK]

Since the registered account is based on cash transaction, could not support margin, it does not allow you to short any securities/options which need margin to cover. For example, you sell put option, when the stock goes down, you need to buy back the stock at the fixed (higher) price. Your RRSP account may not have enough money to fill in your obligation.

Acutally, you can short options outside your RRSP account, and hold mondy inside. At Option Expire date, buy to close options outside, and purchase stocks inside. Your portfolio may have the same final results, only the tax concern may be different (you do not need to pay capital gain tax inside, but need to pay outside). Good luck!

 

[又红又专]

I thought trading options is not allowed in registered accounts.

 

[ChinaFarmer]

Thanks all above especially TXK for outlining some strategies!

Index at this level may be only good for sell covered call, 步步为营！

 

[陨石]

I want to do some navie short call/put option in my RRSP account. Does anyone know which broker support this in Canada so that I could transfer there? Thanks!

Did you mean naked short?