How to trade Steady Option strategies with IRA account ?

[Guest Manish]

Hello,

I am thinking about subscribing for the Steady Options service. But most of Kim's trades are straddles. Now in my Ameritrade IRA account, I cannot do undefined risk strategies. So for a straddle I will have to do an equivalent Iron Butterfly and for a strangle an equivalent Iron Condor. I understand that my performance will be very different from the performance results given on the site for the standard trades if I convert all straddles and strangles to equivalent IB and IC..

But is this even practical ? I mean converting each straddle to an IB or a strangle to an IC trade and still make profits ?

Thanks.

[Kim 7,943]

We do long straddles. Those are defined risk trades. We never do undefined risk strategies.