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Heads up to others that IBKR has ended TPLUS1. Not sure when this happened but within the last few months. Discovered when I tried to use it yesterday against a covered call assignment and the exchange wasn't available. Called IBKR up and customer service confirmed TPLUS1 is no more after thirty...

Believe you can do this in Risk Navigator. Alternatively, create a combo order that flattens the position and check margin.

Most brokers have a power of attorney type form that the account owner can submit which allows you to legally trade the account.

There's a lag in borrow fees on the statement. Borrow is on T+0 and stocks are on T+2 so the price used in the calculation lags by two trading days.

Could be the borrow fee then. AMC is running 10-20% annualized so if you're short 4k worth that's 1-2/day in borrow fees. This shows up on statements as an accrual delayed by two days (because T+2 settlement) and is cash settled monthly in arrears a few days after the start of the month. I would...

IBKR has set initial margin limits against meme stocks at 300% so your max short is ~33% of account equity, in your case 13,000*33%/50=83. Typical portfolio margin initial margin is 17.5% so huge difference. You're probably looking at your EUR balance translated into base currency (USD).

Works fine for me but the buttons on it are probably not good for my grandmother, can carry around in my wallet like a credit card without damaging, battery seems to last ~5 years, adds a few seconds to the login process but only need to use it once a day on an iPhone or if you keep TWS open...

https://www.marketwatch.com/story/trading-scheme-may-cost-market-almost-1-bln-broker-ceo-says My memory of the incident was a bit hazy but TP covered minority shareholder losses.

Let's see what the weekend brings. The more I think about it, the more I get a sense that Robinhood could have been put into a questionable equity position at the Wednesday open due to the massive GME gap up and insufficient margin requirements on short GME calls leading to negative customer...

I think IB should have continued to allow trades that don't pose risk to the firm like long stock, long options, short cash covered puts, and short covered calls. I'm a little annoyed I was prevented from turning a short call into a short straddle on one of the blacklisted names, which is...

Did you even watch the video? TP explicitly states that IB is solid with 9bn of risk capital backing its obligations to customers and clearing houses plus automated risk control systems. I don't agree that it's IB's responsibility to protect the integrity of markets and shut down all trading...

I have a short ES position to partially hedge my portfolio downside risk. My issue with it is twofold: 1) I think I'd actually rather be selling index calls that are less than a year out but greater than a month to collect some income; 2) I'd rather not be borrowing on margin in my securities...

Rumour heard on Twitter is there was a ransomeware attack but who knows.

You do if you want to avoid AML problems. Don't ask me how I know. 50bps is a market rate for online savings - ALLY and DFS also.

Marcus/GS offers a 50bps online savings account. C is at 70bps. Don't think there's much to read into the "high" rate, and regardless this is stickier funding than some money market that probably wants a premium to do the work to understand IBKR credit risk.

IB is reinstating a program that they used to have back in the day. I don't remember exactly when they discontinued the original notes program but somewhere around ten years ago. I'm not sure but guessing they're looking to diversify funding for ex-US margin loans. In the US, they can use...

Bad idea but depends what's in your portfolio. IB went from 15% maintenance margin basically across the board to 100% for some relatively stable assets in 2008-9 and again at other times. A portfolio of preferred shares and <1bn market caps would have needed to take margin down to zero...

FSU is correct; I wrote carelessly. There isn't gap risk from early assignment per se. I was thinking of the horror stories where early assignment caused a margin blow out that was resolved with an unmatched position liquidation and created a very different payout scenario than the original...

You won't have a margin horror story selling naked puts. People that have problems are long ITM calls and puts that are auto exercised and margin goes from the value of the option to 20% of notional. Also, people that have spreads where one leg is assigned early, typically around a dividend, and...

Yes about the margin. Sequence for early assignment is your counterparty exercises puts on Monday (T+2), you are notified on Tuesday morning (T+1), and the trade settles on Wednesday (T+0). Notification is on Monday (T+1) for automatic exercises when options expire on a Friday (T+2) but you'll...