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  1. mervyn

    Cash/Margin Requirement for Vertical Put Spread

    No, if you don’t meet the margin requirements, the broker won’t allow you to open any trades. All you need to do is to take care the short leg. I bet if you only have 10k account, you can’t trade tsla put spread even the width is $5, max loss is $500.
  2. mervyn

    Cash/Margin Requirement for Vertical Put Spread

    No, the spread is just two legs by your definition, you can close each leg anytime but not necessary in a combo and the broker system doesn't care. For example, TradeStation let you drag and drop the legs any way you want but Fidelity is automatically group from FIFO. IBKR shows the complex...
  3. mervyn

    Mar-a-Lago Raided by FBI

    Per NYT, Trump received subpoena this spring to return the docs. I guess this moron doesn’t take the subpoena seriously, that is a big mistake. And thinks National Achieves is just a library. Probably a bad lawyer advising him what not to do but no lawyers I met would tell me to ignore the Fed.
  4. mervyn

    Running Money without Regulation

    why would you want to run other people's money? why don't you just run your own and multiple the balance, it is the same thing.
  5. mervyn

    DoorDash (DASH) should be a single digit company

    this is simply not true. The foods are sealed by the restaurants mostly, definitely not 80%.
  6. mervyn

    Cash/Margin Requirement for Vertical Put Spread

    The rule of thumb is 25-50% of the value of your short leg, in case you got the assignment and you have to pay up. Marginable securities requirements are different by the broker.
  7. mervyn

    ES Journal - 2021/2022

    Are you closing the position today or just carry it?
  8. mervyn

    Cash/Margin Requirement for Vertical Put Spread

    You can plug the number in your brokerage account to see what it requires, each broker is different.
  9. mervyn

    ES Journal - 2021/2022

    Booked 25 points loss, entered short around 4185 too early, couldn’t trade back out today, week to date is still in green.
  10. mervyn

    IB: How best to unwind Long 1 Globex Mini (NQ) and Short 10 Micros?

    for the brokers is just money, meet your margin and you will be ok. the penalty is on your loss, not theirs.
  11. mervyn

    IB: How best to unwind Long 1 Globex Mini (NQ) and Short 10 Micros?

    I did this all the time last year, both long and short if you have enough cash to carry overnight margins. And don’t be greedy and take profits.
  12. mervyn

    Prestigious Credit Card for Top Traders

    Few in my wallet, amex plat for travel lounge access when I travel, can bring a guest in amex club and 2 guests in priority pass clubs, which probably get back what I pay for in foods. Citi custom cash for gas only, get 5% back. Other charges like car insurances and one offs are on my fidelity...
  13. mervyn

    Selling puts to enter?

    at the money $19
  14. mervyn

    Biggest loser, Masayoshi Son

    OPM
  15. mervyn

    ES Journal - 2021/2022

    30 points today, all 3 trades were long with 10 points rally, I guess it was luck today, haven’t sat for 10 points in months.
  16. mervyn

    AMD mktcap > INTC mktcap

    Whiteman is overpaid. Intel CEO 179m, AMD CEO 29m, where are the shareholders? Must fire Pat.
  17. mervyn

    ES Journal - 2021/2022

    25 points today, 2 long and 1 short, I’d expect to get to 4225 before a pause.
  18. mervyn

    ES Journal - 2021/2022

    your guess is as good as mine-:) every point counts.
  19. mervyn

    ES Journal - 2021/2022

    Can’t say. 16+16+24 points this week so far, mostly from long trades. It will push to 50% high to low fib line before pause. Your guess is as good as mine.
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