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I am looking into this option to avoid the 4 day holding period. This goes via an account IB has at Citi Bank. Most banks need to verify the receiving ACH account by doing micro deposits. So can I use this option to verify the IB account from my bank (Can I see the micro deposits in my IB...

I am thinking of moving my Roth and Traditional IRA accounts to IB. Looks like IB has $7.5 quarterly fee for each IRA account. Does IB waive that trustee fee if the balance exceeds a certain limit like $100k? I am looking to open four IRA accounts(traditional and Roth), 2 for me and 2 for my...

I currently have RegT with IB. It seems to apply 50% RegT margin at 3:50pm ET and liquidate if I am below that. This was a surprise for me since it kept saying 25% initial margin through out the day. Now I am thinking of switching to portfolio margin. Does IB suddenly double the portfolio...

Thanks Coplii. This will help me a lot during tax preparation.

I started trading on IB this year. Due to low commissions, I am trading more frequently and making around 300 trades per month. So I figured I will be making 3600 trades at IB for the current tax year. According to this IB FAQ , Turbotax has a limit of 2500 transaction for TXF import. How do...

Thanks. How would I lose if the stock is trading at $740 or above on expiration? That is a $15 profit, though capped at 15, for $724 investment in 3 weeks, a 35% annualized return. What am I missing here?

Hi, I am new to writing covered calls. Can some one confirm what I did is a covered call? I bought 100 GOOG at 724 each and then sold 1 Jun 730 Call at 900 on IB using their web trader (not TWS). Is this a covered call? IB shows the quantity for the sold call as -1. If GOOG trades at 740 on...