Recent content by Lpw54

I did this trade last month, and I think the margin was 200% on the short BAKKT futures. I closed it out after a few days with some gains, but the margin is too onerous. I was worried about bitcoin spiking after market hours and not having the BTCC reflect that until the next trading day - would...

How does Interactive Brokers deliver the bitcoin to you? When I looked up the instrument description, it says: Settlement Method Physical Delivery Physical Delivery Not permitted at Interactive Brokers

OK thanks...so if I have $10K of USD cash sitting in my IB account, and I sell $10k of USD.CAD via IDEALPRO, I don't incur margin interest? I'd just be paying margin interest on the USD.CAD amounts exceeding my USD cash balance (ie. $10K in this example)?

Thanks for this - I should've paid more attention to IB's two currency conversion methods! So for IB users, why would they look at CME currency futures or any other method to hedge?

I'm similar to your situation that you've described except I haven't traded CAD futures before. Can you elaborate what futures exchange you use and how far out you go out? What are commissions and slippage like? Sorry for the noob questions, but I want to hedge and it'd be great to get some tips...

I don’t have much experience trading currency futures, so can you quantify how illiquid or expensive currency futures are? I’m pretty familiar with equity options, which is why I looked into the USX USDCAD currency options that is available on IB. The other way to hedge I thought about is to...

Yes I trade with IB as well so I know their f/x rates are way better than what the banks can offer. The issue is that for a Canadian who is trading mostly US stocks, I’m holding a lot of USD, which is a risk as the USDCAD continues to weaken. I don’t want to convert back to CAD if I feel this...

What’s the best way to hedge a further decline in USDCAD? Has anyone used the USX currency options on the Montreal Exchange as a way to hedge? There doesn’t seem to be a lot of volume or OI so not sure if many people use this.

Please post back what you find out. I am also with Interactive Brokers and I’m trying to hedge some currency risk. I’m more familiar with trading equities and options, so using a currency ETF like FXE would be the easiest for me, but I think the ETF management fee is 0.40%. I haven’t done...

I'm looking for ideas on hedging my portfolio of stocks - I realize this should've been done in early February - with VIX still elevated at 42. Buy puts on SPY would be easiest, but obviously not cheap in this vol environment, unless vol spikes higher from here. Buying VIX calls could be another...

I was short the BAC March 13 $24 calls, and when the market ramped up in the last half hour, the stock closed at $24.16 from several platforms I checked including TOS, Bloomberg, Yahoo Finance, Google Finance. So I was expecting my long stock position to get called away in my IB account...

Thanks everyone for your input. I've been traveling this past week so I'm only getting around to updating this thread. And the fact that I had to catch a plane late morning last Friday while trying to check markets, AMZN stock price, input orders, etc. made it less than ideal trying to manage...

I bought Feb $1910 calls a few weeks ago for $55 with the thinking that Amazon would break out. I got nervous before earnings today, and with the market declining lately on the corona virus, I decided to sell the Jan 31 $1945 calls for $9 to take advantage of the elevated vol from earnings with...