Naked options are very high risk but options alongside long investing as an integral part of the long strategy is fantastic. However, options are general in leveraged accounts whereas I’d want my long investments in a non-leveraged account so that’s a first issue. The second problem is finding anyone in the UK who provides a decent solution options
I currently have a trial (not real money) account with IBKR and the platform looks great (but complex) at first glance but is a bit of a nightmare. I was hoping some people could give me some feedback on using it for real trading not least because I’m struggling to find some things on it that I’d think are essential (such as a report/audit trail of trades) but I think some reporting isn’t available in the trial mode you need a live account (which is a bit mad).
Edit: also it’s not clear what the tax situation is because IBKR seems to be UK registered/licensed but is a US company and the website says that you need to register/file for US taxes but its not clear whether this is simply in terms of tax withholding on dividends or capital gains/income/profit on trades. If anybody can clarify this I’d be very grateful