Jan 16

Question:

I have a nightmare situation.
I bought $4,000 of calls inside my Roth IRA.  The day it was expired, it was way out of the money.  Unfortunately for me, it closed in the money by 12 cents the last 10 minutes of trading.  I tried to close the position, but wasn’t able to do so before the market closed.  The following day, I owned the underlying security, and it moved almost 6 points on me.  The bottom line is I lost over $45,000.  I need to pay this to the broker-dealer, even though my entire account was only worth $8,000.  SO….I need to pay this amount.  Can I write if off at least?  I’m not sure this is possible because it’s in a Roth IRA.  Help please.


no comments so far...

  • TheTriftyNation Said on April 29th, 2013 at 8:36 am:

    Rollover your 401k into a Roth IRA http://t.co/EZHMaCS5AX

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