I checked my IB account this morning to see how option assignment went. I noticed that my Net Liq was a small fraction of what it was yesterday afternoon when I checked after hours. I then looked at my account and noticed that IB attributes a value of 0 to my current stock and option value. So my net liq is simply the cash value of the account. Obviously this is a bug, but did anyone else notice this?
Anyone else notice IB neglecting stock and option value from Net Liq
- Thread starter ET180
- Start date
Seeing the same here too. All my long options are showing 0 value. I'm sure they will get it going soon. Probably just a weekend software patch going on.
Why trade at IB now when you can shave 40% off your commissions at AMTD? Not to mention trade ITM options @ expiration without getting bullshit margin rejections.
IB has lost their minds.
IB has lost their minds.
Is the US option market open on Monday, MLK day?
UPDATE: I just checked and they fixed the issue.
That's why I asked. If others see the same thing, then they probably already know about it.
IB (PRO) still has a few benefits:
1. They pay around 1.05% on idle cash. TD pays basically nothing.
2. They have an API
I considered TD a few years ago, but their option assignment fee was a no-go. Their commissions were also not as competitive as IBs. TD still charges a $0.60 / contract fee on options which is close to what IB (tiered) charges. Sometimes (although rarely) I even get negative commissions through IB. Basically, if you don't buy at the ask and sell at the bid, the commissions are competitive with TD. So there's not a huge incentive for me to switch. But if I was doing it over again, I might go with TD and buy a 3rd party EOD data supplier. Some of IBs historical data is a bit dirty. Like that one day in 2006 when SPY traded at 14,000...
That's why I asked. If others see the same thing, then they probably already know about it.
IB (PRO) still has a few benefits:
1. They pay around 1.05% on idle cash. TD pays basically nothing.
2. They have an API
I considered TD a few years ago, but their option assignment fee was a no-go. Their commissions were also not as competitive as IBs. TD still charges a $0.60 / contract fee on options which is close to what IB (tiered) charges. Sometimes (although rarely) I even get negative commissions through IB. Basically, if you don't buy at the ask and sell at the bid, the commissions are competitive with TD. So there's not a huge incentive for me to switch. But if I was doing it over again, I might go with TD and buy a 3rd party EOD data supplier. Some of IBs historical data is a bit dirty. Like that one day in 2006 when SPY traded at 14,000...
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Is tiered cheaper for options? I am on tiered but the fees are very different for different exchanges different stocks and whether you cross the spread.
Actually, I might be wrong on that...I'm not sure if there is a fixed option for options. Looks like it's just smart routing vs. direct with smart routing being a bit cheaper.
https://www.interactivebrokers.com/en/index.php?f=1590&p=options