IRAs are cash-only accounts. Federal regulations prohibit using IRA assets as collateral for a loan, which means traditional margin trading is disallowed. Because buying a put only requires the upfront payment of a premium, it is typically permitted as a cash-settled transaction.

Even if the IRS allows a strategy, your broker must approve your account for a specific "options level." Level 1: Typically includes covered calls.

The IRS and most brokerages require that any options trading in an IRA be "defined risk." This means the maximum possible loss must be known at the time the trade is placed and cannot exceed the value of the account. Buying a put fits this criteria perfectly, as the maximum loss is limited to the premium paid.

Yes, you can buy put options in an Individual Retirement Account (IRA), but your ability to do so is governed by specific Internal Revenue Service (IRS) rules and the individual policies of your brokerage. Buying a put (a "long put") is generally considered a low-risk strategy for the account's tax status because it does not involve borrowing money or margin, which are strictly prohibited in IRAs. Core Regulatory Framework

Covers more complex strategies like spreads (e.g., bear put spreads), which may also be allowed in IRAs if they are risk-defined. Why Investors Buy Puts in an IRA Can You Trade Options in an IRA Account? - Merrill Edge

Usually where "long" positions like buying calls or puts are approved.