Exactly.....IB has lost all sense of reality. They really are using their power and command of the markets here to justify their actions.
Good-bye IB....you were once a great broker.
No more. I'm moving to AMP.
Interactive Brokers Raises Margins On E-Mini's...once again
- Thread starter syswizard
- Start date
Good-bye IB....you were once a great broker.
No more. I'm moving to AMP.
I like my primary broker dealer insulated against major unscheduled events. Looking at the IV on ES, IB does seem a bit overboard, with a 3 sd implied move for tomorrow being about 160 points, or $8000.
Yeah i moved to AMP a few months ago.
IB have grown too big over the last 10 years, they no longer really care about the smaller day traders anymore.
Stupid question, my friend traded corn while going to UCLA B school long ago. He forgot about his corn futures and he said trucks of corn showed up to his house in the 70s. Were those stories true about physical delivery and is it the same with Dow stocks if you have the equity. I know nothing about futures, options costed me a crap load to learn I know little about them.
If the physical markets back then were anything like today, then no, there would have not been truckloads of corn "showing up at his house". You would have to meet at a designated point to take delivery. Like taking physical delivery of CL today, you'd have to show up at Cushing, OK. And if you could not? They'd just pump your oil into a tank and start charging you storage fees.
Actually, that's over complicated in thinking about, on the oil side. What would most likely happen is they'd simply transfer ownership and storage costs of, say, 1000 bbls of crude that is already sitting in a tank there, to you. There's no physical "delivery" until you show up with a vehicle to take possession. @bone Do I have that correct?
I am so stupid believing him because as you said the commodity would have to be delivered to a partner or registered grain silo. Sorry for a dumb question!
Makes for a great story though. 'Tis how legends come to be.
Like that guy with wax wings flying too close to the sun. Oops!Index futures (Like ES, NQ, YM, etc...) are cash settled, there is no option for physical delivery in the first place.
Incomplete answer.
