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Thanks for this gezmond, that was very helpful.

Hello, I am considering transferring my SIPP over to IG. I would like to know if I can trade US options in the SIPP. I will give two examples: 1. I hold 3800 shares in CTSH, which is trading at $53. I would like to sell 38 contracts of the CTSH JULY 2020 $55 CALLS . Would this be possible ? 2. I would like to sell 38 contracts of CTSH JULY 2020 $50 PUTS. Can I do this in my SIPP provided there is suffcient cash to make the purchase if I have to ? Kind regards Gavin Vadivalloo