Recent content by PatelAtWork

Can one write naked options on Futures (ES/YM/ER2/DD)? on an IRA account with IB?

Not same as stocks, you'll get better treatment with futures... search in futures forum... 60/40 rule will apply.

Great info Jack. thank you. That's why I left 1k in master account and all sub accounts will be funded appropriately for their trading goals. Thanks again.

Thank you SideShowBob. That answers my question.

Alpha, didn't you just contradict yourself by saying 1k won't go far and master account doesn't hold money?? Still a bit confused.

I have created an FFA account and have 2 sub accounts under it, all are funded. I have 1k in Master account, do I need to keep more? Does all the fees go from Master account? What about commission? The reason I ask is I will be managing mine and friend's account and I certainly don't...

I am short 722 n exit point is 718. Guess Bulls came back on a furry with a 26 pts gain

Thank you for the explanation. I was under the assumption that no matter how OTM I am, the same margin requirements would apply. But obviously that's not the case and I see it now. Still a bit confused though, but will have to clear it up in my head before I ask the question...

What sorts of margin requirements are needed for writting naked puts/calls for say ER2? IB says, for Short Naked put: 100% * option market value + maximum (((20% * (underlying market value) - out of the money amount), 10% * strike price, $2.50 * multiplier * number of contracts). 20% above...

I think they can trade US stocks (tax free I believe). And the $10 gain is probably after taxes and cyber cafe fees ;-) All-in-all, awsome finding to see how global trading world is moving together.

Mr Grob, please justify your position. I think Atstrader made some very valid points and I too had some of those items on my list of rules. However, if you think that ...most of the stuff you posted is not on the mark..., then how? I'm sure you have your own set of rules, please share...

Jolly old fat guy still hasn't gotten me the bike I asked for in 6th grade :(

Best stock I have found for IC are MMM and AET. However this month I wisely stayed away from MMM as its earnings were coming up. Sorry to hear about ur GOOG experience. With high flyers like it, u generally stay very careful of them. Just mark it down as lesson learned and move on, don't...