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Yep, and then they may add on a daily exposure fee too. It's calculated by a secret algo and seems to have increased along with the broader market (at least it did for me).

I know I should ask this at IB, but I got tired of waiting in the chat queue this morning and the help here has been great in the past. I have about $115k in an account, no positions/all cash, and it shows my SMA at around $450. Yes, four hundred and fifty dollars. Only one trade over the last...

I read this elsewhere (granted it is from 2014): "Note that 60/40 treatment has been attacked for a few years now. Would not be shocking to see it scrapped in an eventual tax deal, somewhere down the line. Unlike carried interest, which has a solid theoretical basis, the 60-40 basis is somewhat...

I brought up the 60/40 issue a few posts ago. I'd be curious to know your thoughts on that specifically, and I thank you for your contributions (and everyone else's) to the thread. It has been a great read.

That's pretty much where I am too. I have no problem with shorting, probably do it too much, but I want to give it a couple of days to see where we settle after all this time being range bound. I'm also a little worried about Trump messing with the 60/40...the tax benefits make such a...

I'm very focused on what is happening around this $50 level. If it breaks, I imagine we'll see another significant dive, but I would be curious to read others' opinions.

Absolutely brutal. I closed out my long position yesterday and am thankful to be watching this from the sidelines.

OK thanks. Yes, we're mostly in agreement then.

Certainly, there are a lot of politics and concern regarding market share involved as always (and OPEC seems to be functioning surprisingly well right now), but ultimately it all goes back to profit. You seem to be saying margins don't matter. Do you mind explaining your thinking further?

Things aren't great for Saudi Arabia. Yes, their production costs are very limited. On the other hand, OPEC has been losing market share consistently over time. Shale and improved technology has brought a number of new producers online. OPEC flooded the market and drove prices down to try to...

It seems a lot of companies are blaming lackluster earnings on a strong dollar. I'm sure there are many reasons for weaker earnings, but if you accept that it's at least partially responsible in some cases, I would think a higher rate and therefore stronger dollar will not lead us to ATHs. It's...

OK, it looks like the borrow fees do appear in my actual account, but not in the paper trading account where I was taking a few more risks. :D Thank you all very much for the help!

Thanks for the help and additional information. I think I've seen most of that on IB's website, but it's hard to navigate. Unfortunately, even selecting all the options doesn't provide me with the Non-Direct Hard to Borrow Details. IB mentions that section here, and says it appears in the...

Thanks for your reply. My impression is that the fee at IB is in fact charged daily, but only shows up on a monthly statement. I take it from your reply that it is typical to not provide any details regarding interest charges. That's disappointing.

Hey everyone, I'm confused about shorting at IB and hoping someone can help. Using TWS, I can see the fee rate (which I assume is annual). Also, I believe the rate can change at IB's discretion at any time. The part that gets me is that you are not able to see any charges until the end of the...

Why close the UVXY short immediately if you expect Clinton to win? Long term it seems to trend downward (decay I suppose?) and if the borrowing costs aren't prohibitive, couldn't you get out at a more appealing price point?

Sorry, I don't think I did realize that at the time. I'm not sure how I came across the thread, but appreciate your explanation. Thanks! Edit: I figured it out. I searched SCT after reading about it here (was looking up old szeven threads)...

Noob question, but what does SCT stand for? TIA (thanks in advance :))