I have an IRA account (USA) with Fidelity brokerage. I have an ability to do both Calendar and Vertical Spreads options in that particular retirement account.
Are there any legal rules and regulations with respect to trading options in IRA for Spreads? Example: Let’s say, I opened a Calendar Spread Call (two legs: long position and short position). Later, I closed just the short position ahead of expiry and kept the long position open.
Will it be considered as Short Sell? I see many articles saying “No Shorting an IRA”.
Continuing further... few days after closing the previous short position, if I re-open the short position to get more profit on rise, (my long position is still open whole entire time), will it still be legal?