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Agree. No other broker can get close to IB's margin rates. That is why I stuck with them for 10 years when the rates were too low. Now at 5.6% IB rate, it is the best but still too much for me as I got used to borrowing under 3%. So I'm not borrowing much these days. RH has a gold program that...

Wow....I wasn't aware of this Fidelity Rewards plus program. This is exactly what I am looking for. And they do offer portfolio margin. But they only waive commission for the first 100k contracts, which I'm going to easily exceed in 5 months. I'll reach out to them. Thanks much.

Portfolio margin is a must for me as that lets me leverage almost 6x when needed without getting a margin call.

Well, 6m isn't guaranteed as gains are not linear. What if I made 0% by year end but ended up paying 200k in commissions? Is Robinhood that bad? Sure they don't have a rep I can call whenever I want but last I never had to call IB either last year.

I have been trading with Interactive Brokers since 2013 but lately I've been trading a lot of options and paying a fortune in commissions. I made 500k in gains this year so far but also paid 20k in commissions. Thats 20k for just 2 months of trading. So I'm guessing I'll be paying almost 240k in...

Yes, I got that BBBY is going to $100. If that does happen, I will only loose 100k as I only sold 10 calls. That is fine with me as made much bigger profits last year and 100k is small fraction of my portfolio. Infact I am hoping that BBBY does soar above $100 so it can issue stock and save...

Why would anyone give up the time value of 2 years and exercise? Just curious.

I am going to hedge the calls by buying a Jan 2025 $15 call which is like $.29 since you guys are strongly suggesting against naked calls. So my loss is capped at $13k which l can live with. If I lose 13k so be it, I'll take my chances.

I can just buy the calls back when calls goes to 0 when BBBY files for bankruptcy right, instead of waiting for 2 years?

I have been selling naked options since the meme stock mania. I sell far out of money(like 300% out of money) calls. Made 300k last year from selling weekly calls on GME, AMC and BBBY. But this is my first time selling calls in the money calls on a company that is about to go bankrupt. I like to...

I'm aware of the risk. It's less than .5% of me portfolio. It just feels good to take easy money from the wsb crowd.

I sold $0.5 Jan 2025 BBBY naked calls. What happens to those naked calls if BBBY files for bankruptcy? Does their value become 0 and my maintenance margin go down or do they stay in my account till expiration, holding on to maintenance margin?

Hey shitforbrains, isn't it obvious for you now why I didn't sell 10 naked calls this morning.

Again, learn to read first. I said this in an earlier post too. I don't give a fuck how rich you are and how much profits you made dickhead. Wake me up when you are the richest person on this planet, or at least if you made it to the top 100 list. Till then, don't bother flaunting your profits.

I clearly explained in that post why I don't trade big with GME. Learn to read goat fucker! Here is my annual statement from IB. If you can't read, it says the net profit is 708k.

I know your type. You are full of shit.

They did. But it will probably expire worthless and I get to keep the $300 premium. If not, I'll be short at $303, which is not a bad price to short GME.

I can see that you are jealous that I'm making more in one trade than you make in a year.

Someone took my bait.

Sold one more naked call this morning. Was hoping to sell more if GME went up but then GME started tanking and the calls price went down.