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    Brokerage changes rules and wipes out my account. Is there any recourse?

    Around 300 contracts 70% short AUG, 30% short SEPT and Long Feb/MAY/08 and $98K liq. Done over the past 6 months, so I just didn't go in there in the past 3 days trying to get credits. Like I said before it's quite hard to judge your ACTUAL risk when you have these trades in your acct and $0...
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    Brokerage changes rules and wipes out my account. Is there any recourse?

    In hindsight perhaps I was gambling more than trading. But for the past 6 months I was doing debit calendar spreads for a debit and realized there was something quite wrong when my short calls inverted past my long May/08 calls. So as you say, if IB wanted to truly protect itself and all of...
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    Brokerage changes rules and wipes out my account. Is there any recourse?

    Its pretty difficult to gauge the amount of margin that you actually need to trade the VIX as IB platform shows me requiring $0 margin. I even have an end of day margin/risk statement for AUG 9 (day before closing of my account) showing $0 margin required, $ at risk 5k and almost 100K in cash...
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    Brokerage changes rules and wipes out my account. Is there any recourse?

    I guess what's also pi$$ing me off is that in their infinite wisdom IB also opened 50 additional contracts for me, how nice. Only to close them 30min later for a cool couple $1k loss. I look forward to talking with the trading desk on Monday!
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    Brokerage changes rules and wipes out my account. Is there any recourse?

    I agree.. I should have been more knowledgeable about what I was trading, I mean who can you really blame I suppose? My issue was that I had no maintenance margin or initial margin requirements to hold these positions for the past several months. So I thought there would at least be some...
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    Brokerage changes rules and wipes out my account. Is there any recourse?

    Let me know if there is a better forum to post this, but I saw risk management in the title so I thought I would post. Perhaps someone can give some advice? A little background: I was entering Calendar Spreads on the VIX for the past several months. At no time was there any type of margin...
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    Low VIX = Groundhog Day

    I was wondering if someone could explain how the VIX will adjust as it approaches expiration. Basically what I'm referring to is for example the March 11 Calls are @ $4.1 while the VIX is @ 15.96, when the VIX was @ 18+ the March 11's where still around $5. When the options approach the...
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    Help newb: cap rate for multi-unit property in LA?

    I'm a R/E Agent in Canada, so no insight on LA real estate. But don't get too caught up with CAP rates, use them as a general rule of thumb to quickly short list possible properties. You should take into consideration tenant mix , turnover, vacancy, comparable rentals in area. Eg if its a...
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    Calendar Spreads

    Thanks for the reply Rally, I really didn't know where to look and was getting a bit frustrated. At least this will give me an idea of how close VIX can get to my short before I consider closing/rolling it.
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    Calendar Spreads

    rallymode provided this: http://cboe.com/DelayedQuote/Simple...aspx?ticker=vro or you can go to: http://www.888options.com/quotes/default.jsp As you can see the info isn't exactly the most easily accessible. If you can find any previous months VRO quote that would be impressive!
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    Calendar Spreads

    VIX questions here: Are there any members that have been trading the VIX for several months to see what the VIX closing price is vs the VRO? How much of a spread is there between the two on average? Considering that VIX (JUL Exp) was at 17.74 and VRO was 17.01. I'm finding it difficult to...
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    Calendar Spreads

    So Rich I see you're trading the VIX? Sorry I was away for a couple of days I thought you were going to start paper.. But some of those premiums look too good to just watch I guess! Also does anyone know where I can get historical VRO quotes? It states a 52 week high of 111.45... this seems...
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    Calendar Spreads

    You do have to be very careful with these options. The European style really throws a wrench into your plans, so don't be on vacation the first Tuesday prior to Expiry!! You should also be aware of the settlement value (VRO) vs VIX closing value. OX help desk didn't know how to calculate or...
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    Calendar Spreads

    The board's alive again... :) Here are my current VIX positions: Feb/Jul 20 Nov/Jul 20 Feb20/Jul 17.5 Feb 17.5/Jul 17.5 I just couldn't pass up the great entry points, its like the VIX is scripted. The Feb 20 was only .10c more than the Nov 20.. well that was until this morning ...
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    Calendar Spreads

    Hey.. its been a long time since anyone has posted on here. Good to hear your previous trades went so well. So yeah I'm still in OIH, the last month hasn't been the most productive, but i'm still ahead overall so can't complain too much. I've kinda stayed on the side lines a little bit as...
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    Calendar Spreads

    Aardvark, No problem, I like to have other opinions as well. Selling the position isn't really in the game plan at the moment. This is the correction I was expecting, just not so fast. I'm still fairly confident I can work with this trade, I'm down slightly overall if I were to sell...
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    Calendar Spreads

    Is RichardRimes still the same person I was talking to previously (Donna)? Oh well.. I guess it could be for both GOOG and OIH as both are looking horrible, I probably just should have gotten out of GOOG when I had the chance. With that trade I just rolled the 450-440-430-420-410.. it was...
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    Calendar Spreads

    Donna, It looks like your OIH play went quite well, this drop the past week was pretty impressive/painful.. Did you do any adjustments during the month, or just maintained the original position? On another note: Do you know where I can find info on how to adjust spreads during certain...
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    Calendar Spreads

    Donna, Keep an eye out today for the US Gasoline Stocks report, which I'm expecting to be bad news...8 consecutive weeks of declines..ouch.... Also the U.N. Security Council gave Iran April 28 as a deadline to suspend uranium enrichment or face possible sanctions, yet another date to be...
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    Calendar Spreads

    Donna, Glad to see you got into the trade.. This will be interesting to follow and see which strategy works best. Keep me updated and I'll follow it as well. Ratio Diagonal is also interesting, I'd like to look into that a little more. From my end it'll be a bit boring as I usually...
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