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  1. O

    Robinhood users had accounts looted. Risk of same thing happening to IB?

    You can trade with the cash from the HELOC.
  2. O

    Robinhood users had accounts looted. Risk of same thing happening to IB?

    It's not wise to keep 10 millions in cash anyway: Inflation, 0.05% interest rate, banks going under, banks randomly freezing accounts... The best thing to do with 10 millions is buy real estate and borrow against it through HELOC.
  3. O

    Robinhood users had accounts looted. Risk of same thing happening to IB?

    He doesn't have to, every transaction requires validation with the app. Also, in order to log into IB you have to input a username, not the email, so unless the hacker knows the trader username + email address + email password + holds the trader's cell phone in his hand there is very little...
  4. O

    WeChat is to be banned in the USA

    if you go here: https://www.apkmirror.com/apk/wechat-tencent/wechat/wechat-6-5-7-release/wechat-6-5-7-android-apk-download/ you can see that you can download the wechat app from a server not located in the united states and completely bypass the google playstore, the file extension is APK and...
  5. O

    WeChat is to be banned in the USA

    If they have Android phones they can download it and install it manually, that's how the popular videogame Fortnite was being installed because it was not in the google store, you had to download it in install it yourself.
  6. O

    Interactive Brokers to pay $38 million in penalties to U.S. regulators

    It sounds to me like extortion, "hey IB congratulations! you grew up really fast from 2013 to 2018, do you want to continue growing? Well you need to pay us 38 million or we shut you down! You made the right decision IB, here are my banking details" That's the closest i could imitate an...
  7. O

    Interactive Brokers to pay $38 million in penalties to U.S. regulators

    WASHINGTON/NEW YORK (Reuters) - Interactive Brokers LLC will pay $38 million in penalties to settle charges it failed to flag suspicious activity and meet anti-money laundering requirements, U.S. markets regulators said on Monday. The broker-dealer agreed to pay $15 million to the Financial...
  8. O

    About liquidation even without leverage

    When you go to tws there is a value in maintenance margin even without using leverage but maybe the IB algorithm doesn't take it into account when all positions are fully paid for.
  9. O

    About liquidation even without leverage

    I hope you are correct :) in another thread someone said that there is liquidation if net liquidation value falls below maintenance margin, well it would happen with a 50% fall.
  10. O

    About liquidation even without leverage

    In a margin account Is it possible to have positions liquidated even without using margin? Let's say i have $10,000 and buy 100 IBM at $100, if IBM falls to $50 do i get liquidated even though iam not using leverage? I know it wouldn't happen in a cash account but how about a margin account?
  11. O

    IB - Portfolio Margin have higher requirement than Reg-T!!!

    I want to ask you this, if you had more than $100,000 equity, would you apply for Pmargin or stay with Reg-T?
  12. O

    IB - Portfolio Margin have higher requirement than Reg-T!!!

    Sure! because SPY can move down to $80 on a PMargin but not on Reg-t! Seriously, the type of the account doesn't affect the stock/option price, if you sell a strangle at 6.00 and it is trading now at 10.00, you are going to lose $400 per position closed no matter what account type you have.
  13. O

    IB - Portfolio Margin have higher requirement than Reg-T!!!

    Do you mean that with 3 strangles you get 35K margin requirement but with 5 strangles it would have been only 15k or 16K? if thats the case one can add 2 more strangles, lets say on DELL and MSFT and have less cash tied up but that doesn't make sense considering most of these stocks are tech...
  14. O

    IB - Portfolio Margin have higher requirement than Reg-T!!!

    Even if the the two AAPL options contracts were considered as seperate unrelated positions with each one its own margin requirements and its own risk the PM should still give a litlle bit more buying power than the Reg-T, just like hajimow said in none of the examples of the CBOE does the PM...
  15. O

    IB - Portfolio Margin have higher requirement than Reg-T!!!

    The OCC is the Options Clearing Corporation not the Olympic Committee, i can't believe you have 478 posts and don't know what OCC stands for.
  16. O

    IB - Portfolio Margin have higher requirement than Reg-T!!!

    I don't think 6 different option positions is too concentrated considering 2 are on the SPY...Maybe IB calculate PM buying power differently from the official OCC rules.
  17. O

    IB - Portfolio Margin have higher requirement than Reg-T!!!

    Its actually 6 considering a strangle is composed of 2 options positions but you must know this already as you seem very smart. I will repeat my question and maybe you will read it right this time: HOW COME PORTFOLIO MARGIN AT IB HAVE A HIGHER REQUIREMENT THAN REG-T?
  18. O

    IB - Portfolio Margin have higher requirement than Reg-T!!!

    To hold 3 short strangles on GOOG, SPY and AAPL with a net credit of $4,600, Reg-T required margin is 24k while for Portfolio Margin its 35k. Hope some IB representatives can shed some light on this, it really doesn't make any sense that PM have higher requirements than Reg-t, in the worst case...
  19. O

    Anyone pulling money out of MF Global?

    The smart ones among them have simply used their loss to pay less taxes, if they had to pay $40,000 to the IRS they declared that they lost $10,000 investing in Lehman and paid only $30,000, it's called writting off debt as uncollectable.
  20. O

    Anyone pulling money out of MF Global?

    MF Global have been operating since the mid 1970s, they were not bad before they hire Jon Corzine as a CEO, he started buying bad debt since day one and screwed the company in less than 20 months! he was hired in April 2010. Its always worth remembering how bad management can destroy otherwise...
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