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Absolutely not. Who is your broker? Not Interactive Brokers?

Big banks gets "fat finger" bust protection? Who else gets it?

A non-margin IRA account can go negative as a result of these busting trades! Does the fine prints protects the exchanges to be arbitrary without regard to fairness!

jimrockford, I dispute your nightmare scenerio: Being assigned the short leg of an option near the low is not a problem if the long leg of the vertical spread remains. If the security gaps up the next morning after the assignment, the assigned position would had also recovered! No real...

Tax idiots are running beautiful California. Car registration fee went up. All kind of new fees for everything. They want a disposal fee for a computer monitor besides the higher sales tax. I've never "disposed" of any monitor - donate it to refurbish shops near the border that fix it seell it...

Why are u so mean to a person is kind enough to warn about what some brokers may do. I closed my IB margin account and move to Thinkorswim partly due the dumb bots in volatile markets. There was absolutely no reason for IB bots to do what it did.

IB allows naked puts in a cash account if you have enough cash to cover it all in case the option is exercise. In a cash account, You cannot use a long put to cover for a short put (eg. long SPY 117 put, short SPY 114 put) if you do not have the free cash of 11400 for each of your 114 put...

His shorts puts were definitely not naked. However, IB dumb bots treated them as if they were naked and ignored his long puts. It seems IB is silent in this. When is IB going to fix its bots?

Even if the trader has other positions, the bots should only closed those other positions. It makes no sense at all to close his winning spreads. I believe the poster. I had similar issue with IB some years ago. Unless u had bought the debit spread as one combo trade, their bots see each leg...

IB liquidation bots had no understanding of option spreads some years ago. It is really bad that it still has not fixed it. If those who suffer damage do not demand IB to make them whole, IB will never fix its over-zealous stupid robots. I closed my margin account with IB since. Still use...

Even if his puts is not perfectly matched, IB could just closed the missed match short calls. No reason the liquidate everything. IB liquidation robot has bad algo logic. Nothing more.

Stops are not guarantee. Neither is your daily max daily loss limit that you arrange with your futures blocker. In a fast market, it gets blow thru. How you have keep your account small enough that you can recover.

Please read his very first message. They were were exact match vertical debit put spreads

You were not busted - there was no way your hedged debit put spreads incur any margin violation that was not there before. In fact, your put spread would had neted you some nice gains if you were allowed to liquidate them when some order return to the market. It is IB liquidation robots...

Why do there pick 60% arbitrary? why not 50% or 40%?

Institutions with these black boxes have too much clout on the exchanges.

Here is the CNN link: http://money.cnn.com/2010/05/05/smallbusiness/1099_health_care_tax_change/?hpt=C2

Thinkorswim low of day was 1066.5 Interactive Brokers low of day was 1056 Both were for the same June 2010 Contract. I am not sure I trust values any more. They tape is slow. I use TOS for charting and options trading.

Even IB would have to take care of what is so obviously their mistake.

What Platform you were using? My TOS has the Low of Day as 1066.5 for ES while my IB gives me a readign of 1056 More than 10 points difference. What a joke! lol Fortunately I use these brokers for options trade only.