Recent content by andrew black

"selling a covered call and buying a further out-of-the-money (OTM) call" - not allowed in any registered / cash account, only possible in margin account.

You are right, people are using SPX boxes for similar purpose. I've done it myself many times, and the main issue the SPX boxes is an unreliable fill. It may take many hours / days to get a fill if you don't want to overpay. The last fill I got, in April, was about 0.4% above the t-bill rate...

yeah, my plan was to buy $250k worth of stock with $488 /sarc

a $250k position requires $488 margin.

Oct 31 bid yield is 5.383%. I have no doubt that I can execute the sell order at this yield.

Isn't more cost efficient to short sell t-bills instead of margin loan? The best I can get with my broker is 6.6% loan while 6 month t-bill is about 5.3%. TIA.

I open a ticket with IBRK for a case of rejected orders. A buy combo order, limit 4, multiplier 100, $2.50 commision, in a cash like account with about $600 settled cash balance, and the order gets rejected with "insufficient funds". After escalation, this is the response: Dear Mr ..., When a...

I'm talking about ISIN US91282CDM01

If a buy a t-note maturing on Nov 30, 2023 with .5% coupon on Nov 29, 2022, do I get the Nov 30, 2022 coupon payment? Do I get two coupon payments or three? TIA.

How do you get level 1 ES from CME? TIA.

https://www.cmegroup.com/markets/interest-rates/us-treasury/30-year-us-treasury-bond.quotes.html. Use the chart link in the table.

CME provides some free real-time futures quotes (treasuries as an example) but not ES mini.