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  1. R

    IB EFP. what IB doesn't tell you about.

    Funny thing -- I thought it was jimrockford who told us of the risk of possibly needing more margin! At least that's what clued me in on it. If the stock rises, it creates more borrowing power, but it does not create credit balances to cash. At least that was my thinking. The SSF is marked...
  2. R

    IB EFP. what IB doesn't tell you about.

    Maybe I am missing something. The SSF is marked to market but the stock leg is not? In any case, a 20X move in <= 6 months is less likely than Oct 1987 for a large cap stock....
  3. R

    IB EFP. what IB doesn't tell you about.

    An increase in margin requirements decreases cash, so you can go from having excess cash to borrowing it. The margin is not 0% even though the position is theoretically fully hedged. (I guess that's to cover pricing disparities -- esp in the event of a forced liquidation, the possibility of...
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    Just received my IB Secure Device.. Here's how it works

    The platinum one supposedly has survived torture tests like going through the laundry. No such claims are made by SecureComputing about the gold so I suspect the gold is much more fragile. Nevertheless, it fits my jacket pocket better....
  5. R

    IB EFP. what IB doesn't tell you about.

    So just to be sure: You are trading with available cash (not purchasing power, but cash), and this is not a retirement account? In a regular account, the margin is 5% for long stock / sort SSF (i.e., short EFP) so the stock will have to go up by 20X before you need to post additional margin.
  6. R

    IB CHARGING me interest to hold long-term stocks

    Do you have enough CAD so that you are not borrowing CAD? In the account screen, uner Market Value, for all currencies, is there a value >= 0 in the Cash column? It's hard to address this question w/o seeing the account details. You should contact customer service.
  7. R

    IB problems with spread quotes

    It's working for me. I notice your Market Data icon in the lower right isn't showing green -- maybe you should try reconnecting?
  8. R

    Can't get Account Info from IB

    FWIW, I was able to access my stmt at around 2PM EDT.
  9. R

    IB and tax advantaged distributions

    The more I think about this -- it's a risk for ordinary qualified dividends as well! (15% rate vs higher rate) though it ahsn't happened to me yet. Sigh. I guess the risk is larger for larger distributions, so one should plan accordingly. I'm now thinking of opening a 2nd cash account as a...
  10. R

    Can't get Account Info from IB

    My guess: Must be everyone wanting to check whether any options exercises were assigned....
  11. R

    IB and tax advantaged distributions

    A word of caution: If you hold a security making a tax advantaged distribution (e.g., a tax free distribution) at IB, it appears that IB does not insure that the security is not loaned out on its ex-date -- so you may end up getting a payment in lieu of dividend (which is not tax-advantaged)...
  12. R

    IB no interest on first 10K rule, what do you do with the money?

    BTW, I want to correct an earlier post on no risk of margin issues if you've paid for 100% stock w/corresponding short futures (short EFP from flat). Technically there's a 5% of stock price margin requirement so if the stock goes up 20X in the <= 6 month, then yes, you do need to put up more...
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    Dark pool fills at IB

    From today's mailer: I still can't find the definitive stmt that DARK1 = LiquidNet but I am pretty sure that I saw that somewhere. A list of destination acronyms used by IB would sure come in handy now that we've gone to non-obvious ones like Dark1....
  14. R

    IB no interest on first 10K rule, what do you do with the money?

    Oooh.... For IRAs, you don't get spread margining: http://www.interactivebrokers.com/en/trading/marginRequirements/singleStockFuturesMargin.php?ib_entity=llc (1)Not allowed in an IRA account. Each combination component will be margined separately.
  15. R

    IB no interest on first 10K rule, what do you do with the money?

    My understanding is, for yield vehicle (sell EFP starting flat): This will not be the case if you are long stock, short future (and the stock is fully paid for). If you buy the stock on margin, then it is whatever you borrowed for the stock. The maint margin is 5% of stock price...
  16. R

    Naked Option writing?...

    Free coming in. First one free going out. But the hold coming in is 3 business days so if you put in your request Monday before 2PM, it gets transferred on Tue, but won't be credited until Fri. (Yea, I time it to avoid losing the wkend's interest.) The hold on the way out is 10 days as...
  17. R

    IB no interest on first 10K rule, what do you do with the money?

    I should add, you don't have credit risk w.r.t. IB. On the SSF, the OCC is the counterparty.
  18. R

    IB no interest on first 10K rule, what do you do with the money?

    I think the Relevant EFPs screen under the cash section is smarter about filtering out tomorrow expirations.
  19. R

    IB TWS beta 875 and View > Account busted for anyone else?

    Ha! I've been trying a whole bunch of things, like turning on/off different columns in account..... and then I ran into the dreaded midnight server reset. And now my account window works in TWS 875.0e!!! It sure feels like someone fixed something bec it didn't work last week on 875.0c, nor...
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