He will land somewhere and the same shit will happen. Another reason to hate TT is opening themselves up to this abuse. He opened the account with a hundo?
TT does suck. $1/contract on the front end is not the same as $0.5 per side. Apex clearing is dogshit. TT gives one figure on the desktop exe and another figure on mobile.
The problem, for you, is that your problems with TT are YOUR problems with all brokers offering listed cash eq-vol. There...
Dude, you simp(ly) do not have the capital to cash-secure the order. Your net liq belies it. You get to fuck around while they take risk on $100K notional.
lol I can't believe that (insert your god here) has such a sense of humor.
OP, what happens if you vapor lock, infarc, whatever and you're in this stupid shit? What is the broker's risk if you cannot or refuse to cover the spread prior to the close?
Either the broker executes the spread market to close the position or they let it expire. They are not going to babysit...
lol IBKR's risk-bot will cover your garbage at the market before the close and leave you with a debit balance. I guarantee it. You are literally too stupid to argue (with).
It has nothing to do with profitability. All of the risk and fees can be avoided by trading the synthetic (OTM) in the calls (call diagonal). Further, if not closed then you're assigned on the D1 short (in cash) and naked on the D2 long which is not cash-secured at exp. IOW they have to close...
You just got carried out on a stretcher when you bought to prove you had longs from Sunday's open and then to compound it by overwriting calls in an anon-flex. You just got faced for another 50 handles in spooz.
Entertaining.
neww, it's not a messaging issue as he would be in the same boat buying the ps instead of selling the cs. Sure, he's nigh on ****** but they aren't really making the messaging argument rather the ITM risk and fees (pin/exercise/assignment).
I am planning on moving my account to Spearmint Rhino, but I am concerned that I will be kicked out if I fail to pay my tab from the VIP room.
You could live 1000 lifetimes and you'll fail to understand it.
There is a cost-disadvantage in the DITM call spread over the equivalent put spread...
He's not. He was put on closing-only.
It's not a software failure. Chris at TT is not a bot. He implied that the trade is stupid due to fees associated with expiration. There is a suitable alternative that is superior and does not incur additional fees associated with expiring ITM.
Nobody...
Now we're trading dealer-forex?
Moron, that's a bucket shop. A dealer market. It's distinct from an agency broker who is not involved as your counter-party. TT holds your money at their clearing firm and sends your trades through risk and then to the exchanges.