IBKR - NOTICE OF AMENDMENT: Interactive Brokers LLC Client Agreement

Banter on the side, what is my kids' inheritance confronted with when looking at this agreement compared to the last?
 
I read all the relevant changed sections. One thing I noticed was that if you couldn’t afford an options exercise or assignment, they could sell or close or lapse your contract if they felt like it near expiry.
 
MoreLeverage said:
I read all the relevant changed sections. One thing I noticed was that if you couldn’t afford an options exercise or assignment, they could sell or close or lapse your contract if they felt like it near expiry.
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I thought they did that already!
 
I haven't experienced this. But because I trade option spreads, I'm curious to know whether IB has ever overreacted to losses on a single option that is protected as part of a two-leg spread. I'm most concerned about diagonals where a longer-dated position is protected by a soon-to-expire position. In a worst case scenario ... IB liquidates the soon-to-expire position followed by the market turning, and the value of the longer-dated position is reduced. That would unnecessarily increase the gap/loss between the legs of the spread compared to closing the spread trade as a spread ... both legs at the same time.
 
newwurldmn said:
At any point interactive brokers can claim your first born as part of a margin call.
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Take them, take them!! They are the biggest liabilities ever and have re-sale value of zero. I will be going into margin calls deliberately if this is really IB's policy. LOL
 
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