What alert? You were confused about pricing. I am here to help what you dont understand about warrants.
If you did short it, congrats. But an option would have provided better leverage and return.
BAC is the govt reach around partner right now. No way they would force BAC in bankruptcy.
Remember BAC did not want Merrill but the govt forced it though.
Looks at the capital trusts of BAC if the smart people were truly worried then those things we be 1/2 of where they are now.
Ok I will bite, even if you kept 50% of your 100% and you started at 10k then you are still making over 150 per year and in 5 years are at 1.3 million per year after taxes and expenses.
Wow if you started with 10k, you are now making over 1 million per year. Why bother with a trading class, in 2 years you will be making over 5 million in 5 years over 40 million.
Can I ride on your plane?
The clearing firm(penson) put them on the threshold list. That means someone(who clears penson) failed to deliver and so it got on that list. It usually takes 3 trading days to get off the threshold list. This really nothing and happens all the time. As others have pointed out there are easy...
So there's your answer, someone looked it up for you. Learn your lesson. Imagine if you had added a zero to the money risked. Perceived risk isnt true risk.
Yes I am suggesting that. And no the broker isnt taking the other side and getting a good price. They are clearing out. This isnt forex where this shit happens all the time.
No risk for the broker. But so what? What is the liquidation policy? At that moment, your account was theo neg, so you got liquidated.
Seriously I dont understand why you are so confused. You are right there is no risk to the broker by letting you hold your position no matter the market...
At the time of this "distorted" market was the cost of exiting the positions that you have create a neg balance in your account? If so, there is your answer.
Yes there could be an arbitrage...but so?
I still think you are confusing theo risk verse closing the position cost.
We understand what you are saying, you paid cash for a vert spread. So your max loss is the cash you laid.
But your broker views it different, it may calc your max loss as the cost of getting out of your position...
Since you are short, in theory you loss is unlimited. So some brokers consider shorts on margin and treat them as such. It really depends on your brokers liquidation policy. Some do it on mid points, some just give you a margin call that you have to meet, it all depends.
In answer to your...
If your broker has a liquidation policy of anytime a account goes negative based on bid/ask prices, then you are SOL. It doesnt matter the position you have on hedged or not, because at that moment in time the market value of you positions put you account negative.
Be very wary of a broker...
How on earth is a the blowing up of credit card towers in delaware, in an attempt to reset peoples credit, related to 9/11?
We are taught if you want to do or have stuff you need money, the movie asks, "Do you really want to do this stuff?"
Temp and muscle mass.
You sit in a 60 or 90 degree room, you are going to burn more then a 72 degree room.
More muscle burns more cal, one of the benefits of more muscle mass simply put is more testosterone.
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There...