You sure you need such a loan/margin?
IMO it would be better if you could do w/o it
B/c I'm afraid it could create other problems soon... :-(
CashAcct is king, man!
Yeah ideally that would be best but I'm allowing for potential downturns. Like yesterday on IWM On Feb12 I had sold a NOV14 199 put, price dropped to 192 on Wednesday lol, and ended up closing at 199.13 yesterday so exp otm for max profits. I think my B/E is currently $196, and liquidation price is around $149 if I calculated it correctly. The worst week in the last 2000 days if repeated would bring price to $161 so good buffer there.
Last edited: