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I helped someone set one up at Schwab a couple years ago. She already had an account at Schwab. With the same login credentials, she was able to open up the inherited IRA account online. In other words, once you are logged in, there is an option to open a new account, and then you choose which...

If you want to trade options with it, you may find some major differences among brokers in terms of what is allowed.

... of course, I used to think that VIX options were too kinky and esoteric, too. Now I sell naked VIX calls LOL Many people do not really understand what VIX is measuring, and some who do think it is not measuring it very well

Well, that should be good for office REITs. They can rent out those offices to some other tenant the other two days a week. They will be able to collect rent from two different tenants for the same space. Revenue will increase by 40%, with no significant increase in expenses. ;)

VXX options are not index options. They function like equity options. The underlying is not an index, but rather an exchange traded note that is tied to VIX futures. That's way too kinky for me LOL VXX options have American style exercise, with a very real possibility of early assignment. And...

I'm going to try answer the original question: The term cash can refer to two different things. Currency in your wallet, or in a briefcase or a safe, in most contexts, is considered a tangible asset. Money held in a deposit account at a financial institution, in most contexts, is considered...

US federal tax law is potentially applicable to any person who has an account at US financial institution.

I have not read that link. Whatever it says is a reference to the tax laws of State of Connecticut. Those laws apply to people who live or work in Connecticut, or who have property in Connecticut. And those laws are about state taxes--not US federal taxes. The definition of what is tangible...

I can't find anywhere in that PDF that says that cash is intangible.

The original question refers to transferring "cash" from the brokerage account of one person to the brokerage account of another person. That's not really cash. It is often referred to as "cash" within a brokerage account because it is not securities. It is available to buy securities or to be...

No, that's not accurate. US citizens are subject to US tax laws regardless of what country they live in, and they are taxed on their worldwide income. There are some provisions of US tax law which make it possible, in some cases, to exclude earned income that is earned while living in a...

Deposit franchises, Mizuho/Greenhill, SoftBank lending, Credit Suisse AT1s, Libor and fractional horses More great commentary from Matt Levine at Bloomberg: https://tinyurl.com/bbml230522 This is a gift article that does not require a paid subscription to Bloomberg. The link expires in seven...

This screen shot is a more dramatic example. The numbers are rather absurd, but it demonstrates conclusively that Schwab is indeed allowing the premium collected from the sale of the put to be immediately applied to the cash-secured put requirement. This is a different IRA account, and it has...

@earth_imperator It is possible that you got the wrong answer from the representative, and that there was something else happening in your account at that point in time that reduced your available cash--something that the rep did not see or did not understand. When you were trying to sell the...

I have confirmed that the proceeds from the sale of the put are applied to the initial requirement in my Schwab IRA account. I just entered two orders as an experiment. I did not actually place either of the two orders. But the messages on the screen make it clear that one order will be...

The very next sentence from that webpage, which you left out, says this: $6,600 - $450 = $6,150 buying power requirement The following sentence also appears on that same page: The premium received from the sale of the put can be applied to the initial requirement. The meaning is clear. I...

The cost of borrowing stock can change minute-by-minute with market conditions. You may short something when it's not hard to borrow, and then two days or two weeks later, it becomes hard to borrow, and the cost of maintaining the short position goes up. This can happen without any warning. The...

That doesn't make sense. The statement on TastyTrade says that the proceeds from the sale of the put can be applied to the initial requirement. If the proceeds are not applied until the next day, then they are not being applied to the initial requirement, but rather to the maintenance...

Why did OptionVue close down?

I stand corrected on both issues.