Transfer money out of IRA using stock options?

There's no way to withdraw money from an IRA brokerage account without paying taxes and/or incurring a penalty unless it's one of the exceptions allowed under tax law.

You can hedge your IRA with options in a non sheltered account but that's an indirect transfer only if the IRA positions drop in value. Should they rise, your hedge will be a loss, deductible up to $3k per year (more if you have offsetting realized capital gains) ... but at least your IRA appreciated in value :->)

You could buy a put in the IRA account while selling the same one (or something similar) in a regular margin taxable account. Assuming that the underlining does not go lower much and the put expire worthless, you end up with the put premium "transferred" from IRA into the margin account.