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Perhaps the differences with what the other traders and I are experiencing can be explained by the differeces between IB and IB Canada. Since IB prohibits Canadians from opening an American account, I am looking to move my business elsewhere. Anyways a lot of Canadian traders are also looking to...

Its 541.60 for one covered call the other positions are just simply long. Not all shares are marginable s oif I want to sell a covered cal lagainst them it takes a massive amount of margin. Selling a naked call is absolutely crazy with IB. Anyways there are a lot of traders up here that are...

Sorry that should read $50 not $5 a typo. Here is a cut and paste from my margin report on Kinross. KINROSS GOLD CORP 2,164.80 2,164.80 CoveredCallPosition 1,837.00 541.20 541.20 -- KINROSS GOLD CORP 100 18.0400 KGC 18DEC10 19 C -1 0.3300...

Covered Calls requirement at IB http://www.interactivebrokers.ca/en/p.php?f=marginCA&p=ssf-default "In the money amount + 20% * SSF market value. Proceeds from the short option are applied." I have a $5 December covered call on Barrick gold (abx: nyse). It costs me $1800 in margin to...

INteractive brokers requires double the amount of what it would require to buy the stock plus all of the in the money option amount. There schedule is located here: http://www.interactivebrokers.ca/en/p.php?f=marginCA&p=ssf-default Anyways, there are a lot of options traders looking to...

Yep with interactive brokers a covered call position requires 2-3 times the margin requirement for just being long the stock. I can never seam to make any money with IB because of the absolutely horrendous margin requirements for options.

I am looking for a broker that has low prices and good margin rates. Interactive brokers Canada charges horrendous margin requirements. Selling a covered call requires a huge amount of margin much more than twice the margin required for owing the stock outright.