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Hi redduke, Living in Australia, the KSE is by far the most liquid exchange in my region. So I've traded K200 options extensively in IB and am now looking at K200 futures ( and am doing simulated IB trades for that). I've noticed that you use Ninja with IB to trade the K200 futures and...

Thank you Woodark for that list of Korean brokers, very generous of you.. I've looked at a few and Eugene looks promising .. Do you recommend any from your own trading experience re: their platform, accounting etc.

I have to say I am grateful that I can get access to the K200 through IB as it is by far the most liquid market in this time zone (Australia). And I'm not even sure that foreigners (people outside Korea) do get cheaper commissions. I , for example, got into discussions with Daewoo Securities...

Thanks dkjk, yes selling options is a big part of my strategy. The margin IB calculates for all Non-American options is the margin specified by the exchange, in this case the KRX. So margin calculations may not be much different than your brokerage. Can you identify the brokerage you are...

Having traded K200 index options extensively on IB, I agree with dkjk that spreads are very good and the liquidity is unbeatable. But watch out on expiry day. The 10-minute auction when retail trading is closed at the end of the day can kill you! The worst was last November when the...

The liqidity, commissions etc of the K200 option chains (as offred by IB) seem to be a great platform for trading option spreads except - the option chains are ridiculously skewed! ie right now K200 Index is 210+, the Sep 09 option chains on the put side go back to 125, the Sep 09 option...

Try www.interactive brokers.com/en/accounts/fees/otherFees.php?ib_entity=llc It's not just cancellation fees, it's modification fees. I asked IB about this recently because I didnt understand why I was charged cancellation/modification fees on option contracts in one case but not another...

Guys, thank you, you are right! I hear you. I let my margin ratio get too high. OK, then what is your maximum margin ratio in your account? 25%? 40%? higher? Presumably whatever it is, it will cover you from an unexpected assignment of say 10 short put contracts of SPY worth about $100K...

Spindr, yes you're right about me making excuses, there is an element of that. It was my fault I got into that position. But being in Australia is one of my excuses and that is my reality. So the bottom line now is that I wont trade vertical spreads etc any more with IB because there is too...

What if the position(s) went further against you during the day? Then IB has to play bill collector..... was asked by forex_forex. I dont understand this. 10 x 110 SPY puts were assigned against me and I didnt get to market in time (IB gave me 10 minutes) to exercise the 10 x 108 puts to...

Fair enough! But all I'm asking is whether TOS would do it differently? Would they trash your account 10 minutes after the open when the OCC give you all day to cover the assignment?

To cut a long story short, IB trashed my account on Friday and I'm asking what TOS would do. The circumstances are - I have about $20K of gold stocks and gold stock options, struggling obviously but they are in for the long haul. I also have a few deep in the money vertical put spreads...

well, bh_prop, thank you, you just came in on the scene at the right moment, I must admit I was tempted by dagnyt's idea and was just about to sell the stock and 7 new put contracts. but the fact is, I wouldnt have known what I was doing and as I said, I was prepared to take the loss I was...

I forgot to mention - my IB account is showing -21K Current Available Funds and 0 Buying Power and a big red bar across the -10K excess Liquidity!!

Hello dagnyt, nice to hear from you again, you gave me some good advice recently remmeber when IB sold my 121 calls at a higher price than I had to buy back the 123 call on Sep expiry! Do you really think I'm better off selling the 700 SPY stock and 7 x 122 puts than exercising the 120 long...

Thank you very much cvds16, I'll get on with the covering.

Thank you kind sirs for chipping in! You are tops. Although a novice at this exercise business, I had figured that exercising the 7 long 120 puts was the easiest thing to do What I'm still unclear about is whether I will be subject to variations in loss i.e. I know I am up for the 700 x $2...

Any of you more experienced hands willing to help me out? I have a few SPY October iron condors that went straight through the vertical put spread and I was just leaving them to take the loss when they expire. But someone has exercised 7 contracts of a short 122 put (which was paired with...

Thanks to your prompting, I discovered IB have a desk open from 1600-200 hrs on Sunday (which correlated to Monday morning in Australia) and called it. Nice guy called Scott took a little bit of persuading that the sale of the 121 call (at $2 below parity) was dodgy but then agreed to follow...

Thanks for all your replies. I am in Australia. The order was set up by myself (an unattended MARKET order). Of course, if nothing else, I have paid a few thousand dollars to learn a painful lesson. I did open a Message Ticket with IB the same time I wrote the ET post, have heard nothing...