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The greeks measure your risks. Though you may be profitable without knowing them I think it's always beneficial to know your risks...

You are right. I guess I'll never be President of the US. Or wait...maybe it's all part of my strategery.

LOL, I just attended a sexual harrasment refresher course at my office. It is required for all employees. One of the videos displaying inappropiate behavior showed President Bush rubbing German Chancellor Merkel's shoulders. You're last comment brought that to my mind :)

OldTrader, I'm definitely not writing you off. If you take offense to anything I write please know at the very least I'm reading and thinking about everything you post. In response though, I must say I don't think it's relevant in this specific situation when they used to post...

Sorry OldTrader, I posted my last response before I saw yours. I appreciate your honesty and I agree, I should of understood the margining with the ES options. It was a misunderstanding and a mistake and now it's corrected. To me this is the process of learning. When I get old (like you)...

OldTrader, I agree with you. This time it was all my mistake and I am completely at fault for my lack of understanding. Now I understand and I am sorry for blaming IB. This is not in debate and I am not trying to belittle the apology by including in the same thread my experiences with...

Thanks Trader Herry. I hope so too. From my experience with IB, customer service is their only area in need of significant improvement. Overall I have been very satisfied with their product...

Thanks to everyone for you're response. I took a step back and thought about it. Everything ids, ddunbar, and alanm have been saying makes complete sense to me. I now know you need cash on hand to pay for long gamma (minus credits from short positions). The problem I was having was relating...

ids, Your last post was completely unproductive. You can end this discussion with you helping me and proving I'm wrong in one stroke. Please answer my question...

ids, Thank you for the response. I understand what you are saying. If I am wrong (which I'm willing to accept) please answer me one question. You are saying that I would need to pay for the premium of a long futures option if I was flat and trying to buy. As I just mentioned, I bought...

Here's more details then. My original cash value on Sunday night, before IB put me short 10 ES contracts @ 1245 because of their assignment error was 20000. At this point it was all cash and I was flat. Monday morning I find I am short 10 ES contracts @ 1245 with the ES trading @ 1257.50...

Also, in my account window I believe there's an issue (probably related to my inability to close the 20 short puts). My total column for "Total Cash Value" is near 0 and my Commodities column for "Total Cash Value" is exactly 0. As I mentioned before, the only positions I'm holding in this...

alanm, I fully agree with what you're saying. In my specific situation the margin with both put and call spreads on with a 20 lot size was around 1500 dollars at around 1pm today. In IB I created a ticket to buy back the 20 1250 puts that I was short. I then right clicked on the ticket and...

ddunbar, Thank you for the information and the kind words. I understand what your saying about the terminology and that commodities uses the "total cash value" to determine my ability to open and close positions. To me it sounds like your describing the margin requirements for equity...

IDS, thank you for taking the time to respond but this is the same answer I received from IB customer service and I believe it is incorrect. I understand when you buy options you have to pay for them. I believe futures options however, are different. When you buy futures options, similar...

I'm unfortunately learning that from experience Xenia. I'm sure that mentality works wonderfully for all the old men who call up that are upset because they pushed the wrong button. However, it poses an absolute nightmare for people with legitimate problems that are caused by IB. I've...

I'm still waiting for a response from IB regarding the initial 6300 dollar loss I incurred due to their options exercise assignment mistake. I had another issue today with my account that I'd like to share with you. Here's the background. In this specific account I only trade futures and...

Thanks, I hope so. Still waiting to hear from them regarding the original problem.

KTM, Yeah, I hear ya on cleaning up those ATMs. From now on I'm closing my positions the right way! I've never been near my margin limits and I don't think I've ever seen them moving things around in my account. Needless to say when I saw the additional 11K down and some liquidation trades...

Update: I just spoke with Customer Service. They informed me that only 10 of the 1245 Puts were unassigned still. However, they doubled the transaction of the short 10 ES. They were very professional and admitted making a mistake. They're in the process of adjusting my positions back to...