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That sounds correct. I understand what you're saying, but based on how the rule reads you really would only have 5 broken wing iron condors and 5 call spreads. I don't see how they ever could not have charged the requirement you described in a non-portfolio margin account. I'd be surprised if...

that makes no sense. I'd ask them to explain the maintenance requirement column on their margin site then.

correct, that is how it should work and is what they have listed on their site. What did IB staff tell you?

I don't know what you think or know. In the marketplace I buy and sell from time to time. If your wish of the "level playing field" were to come true it would not impact me in the slightest bit. Most people on this forum that I have seen are intelligent or people that want to learn...

You have to meet Reg T on trade date. Yes, that would be higher. You pay for the call in full, to short the stock it would be 150% (100% of which can be met from selling the stock) and no requirement on the short put unless it's ITM then you would add the ITM amount to the RT requirement on...

are you putting any type of qualifier on your order? AON maybe?

IB's margin requirements for a reverse conversion is correct. You need to meet the initial requirements on trade date, then afterwards you have to maintain 10% of the strike + ITM amount if any.

are you back crying again? Still trying to figure out what the OCC does? Yep, the CBOE went public. I suppose you think the members didn't get any stock when that happened?

your money will be safe with all of them. firms carry SIPC insurance for $100K minimum in cash and most have additional insurance to cover more

Dude, you are crying. If not then why spend so much time whining about something that you don't even understand. I mean weren't you the guy that didn't know all exercises and assignments went through the OCC? how's someone going to come along that takes market share away from the OCC? Why...

I saw where you said IB has in the past made an exception to one of their rules, so you expected them to do it again. They didn't and you won't stop crying. one of the reasons transaction costs are so low is because of the mm's. get rid of them and brokerage firms no longer get payment for...

payment for order flow is something totally different. that is what they pay to the brokerage firms for sending them orders. you can bid & offer at the same time, just get yourself a seat on the CBOE. if you dislike the b/a spreads now, what do you think they would look like without...

yeah, of course but there's also a lot more risk involved in naked options trading. provided you never got pulled over, you could probably save quite a bit of money by not paying for car insurance too, but make a mistake and it will cost you big time. They same can happen with naked...

I've never heard of anything like that happening. According to 888options.com the reason they expire on Saturday is: "The reason that equity and index options expire on this day is due to the fact that this day offers the least number of scheduling conflicts, i.e. holidays."...

this explains it pretty well http://thismatter.com/money/options/trading-exercise-assignment.htm

ah, didn't realize that Asia had T+2 settlement. Interesting. I see your point about those that get pinned as well.

what rule is this? Hard to imagine any retail firm allowing clients to do this, especially an online firm? If one could do this, is the dividend not factored in to the price of the option?

every firm has to go through the OCC. Looks to me like they clearly list the cutoff times on their site for sending in exercise instructions. I would expect it also covers this in the options agreement you signed when you chose to have an account with them and agreed to their policies.

when was the change made from T+3 to T+2 for stock trades? I totally understand the need for a buffer time period to process instructions but are you really getting thousands of requests to exercise out of the money options or to not exercise ITM options?

read the options agreement you signed when you opened the account, there's a good chance you agreed to them doing this at that time. if they are a market maker then it should show up on the trade confirmation