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$2K would be the minimum you would need for a margin account. Bu then you'd have have enough $ to meet the requirement for what you want to sell.

yahoo has historical option prices? I knew they had historical stock prices, where are the historical option prices located?

you got pinned. if it's close like that and you don't want to worry about it you should always close out. luckily it was a covered call and not a position that left you short a stock that gapped up on Monday or long something that fell of a cliff over the weekend.

really? and you base that statement on?

LOL, sadly I'm not making that up. Lots of people do it

and technically when if you day trade a spread each leg is it's own day trade. so your typical debit/credit spread would be 2 day trades, regular butterfly is 3 day trades, iron condor 4, etc..but not all firms from what I've seen do it that way. some will say if you put it on as a spread and...

yeah, basically how it works is if I carried the XYZ March 15 calls long overnight I can sell them to close and buy them back later that same day and it's not considered a day trade. But if I first add to my position and then close out then it's a day trade even if I didn't close out the entire...

sorry, but that is not the case. it is not a round trip if you close out a long position and re-establish it. only if you close it again. when it comes to day trading the sequence of events matters. (B) Day Trading (i) The term “day trading” means the purchasing and selling or the...

thats correct. otherwise every time someone traded a spread it would be considered a day trade, right? I think I recall reading once where a firm would consider the exercise and assignment of an ITM spread to be a day trade on the stock which is ridiculous. If there is a firm that still does...

it's an overnight process. I don't believe firms send position reports to the OCC intraday

you can still get assigned on an OTM position, safest bet is to just close it out

yes, that is correct. if you open it and close it the same day then it's a day trade. you can close out a position you held overnight and then re-establish it and that is not a day trade. Open & close = day trade, close & re-open = no day trade

Yeah, but they have to at least look at the account to see what the positions are. Otherwise they'd be buying back everyone's ITM covered calls on expiration. I've heard several horror stories like that one. I'd say it's a little different though because in that one it doesn't look like...

To be able to answer this I'd need to know the number of calls & puts sold, the current market price of the options, and the price of the underlying. Going back to the positions you listed in your first question on this thread you'd have requirements of this: Naked put -40 NVDA 21 puts req =...

I'm sure they can see how the position is paired, they would have to in order to determine the amount of cash he can spend vs how much they have to hold out in requirements. I know they do this in effort to reduce risk but they actually created risk in his case. What if the stock had opened...

you would use the market price to determine your requirement. The proceeds only reduce your initial (Reg T) requirement when you place the trade because you can put those proceeds towards meeting the maintenance requirement.

no? provided this wasn't a time spread both sides were expiring and ITM so nothing needed to be done, right? instead broker breaks up the strategy leaving him with a long position and incurring 2 different transaction costs.

this doesn't sound exactly like what you're looking for, but still a good tool http://www.cboe.com/tradtool/mcalc/default.aspx This should be a short strangle with the requirement being the naked requirement on the puts + market price on the calls: 10 Puts NVDA SP 24 @ 1.44$ -...

yeah, the part about choosing to exercise an OTM position or not exercising an ITM position is correct. However what I was getting as is that both sides of your spread were ITM and would have auto exercised leaving you with a flat position but their decision to break up your spread cost you...

well yeah you do need to pay attention to your positions but sounds like you have a pretty good case to make a complaint about the way your account was handled. it appears their actions cost you the price to buy back the short call plus the loss you took when you closed out your assigned...