Search results

The interest accruals flex batch report supposed to show the interest charged daily on the margin loan. The balance and the rate is in the report as well. I am not getting updated info in the report recently. last two weeks are missing. Other 7 reports I am using are getting updated daily. Is...

You are missing couple of things, for sure. 1 - the P&L profile for "covered calls" is infinit loss / limited profit - https://www.investopedia.com/terms/c/coveredcall.asp 2 - not all stocks / etfs have options, and when they have, very few of them are actually tradeble. I am not familiar with...

T+2 Settlement - Wikipedia

With all due respect Mr. Morse, that is not actually accurate. Most of the North American brokers would allow you to use unsettled funds, as long as the subsequent transaction has the same settlement period or longer than the first transaction. So, when you sell & buy regular stock / etf with 2...

Wondering if anyone's done it and what their experience was? Thanks.

Thanks everyone. It seems to be the liquidity. Current volume is 900 for micro and 68000 for standard. Edit: And I was actually looking at Sep micro with only 34 vol. For Jun micro the spread is 1 pip.

In my IBRK account I see a 6 pip spread for Micro CAD Futures and 0.5 pip spread for the standard CAD Futures contract. Considering the size of contracts (10k micro vs 100k for standard) you would have a spread 120 larger when you trade micro contracts vs standard. Is this kind of a standard...

Trying to place an order for TN Jun19'20 (Ultra 10-Year US Treasury Note) and it gets rejected. I was able to enter a similar order two days back. Here is the error: Wondering if anyone can help. Thanks. EDIT: Got it. Today is "First Notice Date" and tomorrow "First Delivery Date". And...

Come to Canada. You can still get 2.80 - 3% promo savings rate with small banks and credit unions. The exchange rate is great as well.

What actually I am trying to accomplish is to freeze my portfolio, without selling and realizing the gains, for about 6 months. Can you suggest any better solution?

Wondering if anyone here is using a such thing. Pros and cons. Best practices. Thanks. https://www.investopedia.com/terms/c/collar.asp

I think that is the case everyone is interested in. What do you think about Robert Morse's postings in this thread? He strongly argue with higher belief-superiority that it is not possible.

Sig, I always appreciate your expertise. From your own past, can you explain us how the loan can be used to get some return? I mean other than regular interest on idle balance. A lot of people here are saying that you cannot use the loan to open a new long position.

There is a very interesting discussion on WSB on the same topic Box Spread Financing for extremely cheap 0.85% margin interest rates.

The link regarding Shorting US Treasuries is quite comprehensive: Interest Income: Customers earn Short Credit Interest on their short US Treasury positions based on IBKR’s standard tiered rates. Trading Policy: Minimum short position size is $10M face value per CUSIP due to limitations of the...

What do you believe was his answer? Can you please say it in plain English? Maybe substantiate it with IB content?

So, what is your answer? You can assume that I am your client.

I am confused about how to use proceeds of short sale in a IB account and after browsing here I am getting a lot of contradictory messages. The only thing where people agree is that you cannot withdraw them. Other than that, some people say that you can invest them while others say the...

Thanks. The 1.09% I have mentioned earlier is 0.472% above the today 3 month t-bill rate. Seems quite similar with what you are saying.

I understand. Can you at least share the interest rate you got?