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Watch out for adverse selection when your option limit order fills as the underlying moves against you. Yes, the rebates are nice but fills are important too.

They’re not a retail bank, so there are no deposits to be fdic insured.

Day traders i do on a good day. On a bad day, I lose money while paying exorbitant costs as well, so try not to do that. you’ve got that backwards. The demand to borrow is very high, which is what drives up the borrowing cost. Sometimes weird small stocks like some preferreds you might know...

The short borrow rates are annualized rates, so if you borrow a 360% rate stock for one day (and not Thursday) you’d pay 1% of the market value. That’s definitely manageable if you think you have an edge in trading that stock from the short side. Wait too long or get caught in a short...

About half, maybe a bit more, but there’s no guarantee they’ll lend it.

Case already dismissed

Resolved Sun night

Weekend margin numbers at IB can be highly suspect. I am seeing crazy increases as well.

Even counting his call options, his position is less than 5% of the shares of GameStop. No disclosure is required.

No, some brokers are just wrong. Schwab I’ve heard is poor on this front. Haven’t looked at my Etrade/MS ones yet this year. I guess I wouldn’t complain if they wanted to mark my short term profits on AAPL or TSLA options as 1256 and give me 60/40 treatment, but somehow they only make the...

Long INTU

Not sure about those futures specifically, but this is common. Risks for shorting are different than going long, usually higher, so higher shorting requirements aren’t unreasonable. It may also depend on your portfolio and how the risk of that marginal trade impacts what you have already...

Of course 1099s have mistakes. Not most of the time, but sometimes the stock or your trades confuse their software and it gets stuff wrong. More often with the retail brokers of the world. IB has been quite good for many years now, definitely a cut above in accuracy. in addition, as an...

I remember ATXG running to $1000

Canadian tax withholdings would take more than 100% of the gains for most US investors

The built in “merger arb” or “pairs trader” algos might do this without a separate API https://ibkrguides.com/tws/usersguidebook/specializedorderentry/merger_arbitrage_window.htm

Looks overdone to me. The fraud as was said was at some unrelated hedge fund run by the FRG CEO, not at FRG. He was part of the going private deal for FRG and kept his shares, along with other insiders, rather than getting cashed out which is a pretty weird thing to do if you run the company...

Now we know why the banks failed. The regulators were too busy puking off the roof and hooking up.

They are bankrupt as of tonight.

GLD is a grantor trust, they’re not an equity - https://www.spdrgoldshares.com/media/GLD/file/SPDR-Gold-Trust-Tax-Information-2022.pdf different for taxes on options, no wash sales, etc. you’re treated as holding the underlying asset (gold or gold futures), and those aren’t equities in this...