Looking for Proprietary Options broker

[Eric1977]

I've been trading options for a long time, and now I'm looking for a broker that will give me some margin beyond the nornal requirement. Another words, I'd like to put down 20K and get 100K in buying power. 4:1 margin is normal for day trading, but I can't seem to find brokers that will give me this for options.

A few years ago, I had a broker that gave me 10:1 margin for options, but they won't do it anymore. Are there other brokers out there that will give me margin?

 

[dagnyt]

Quote from Eric1977:

I've been trading options for a long time, and now I'm looking for a broker that will give me some margin beyond the nornal requirement. Another words, I'd like to put down 20K and get 100K in buying power. 4:1 margin is normal for day trading, but I can't seem to find brokers that will give me this for options.

A few years ago, I had a broker that gave me 10:1 margin for options, but they won't do it anymore. Are there other brokers out there that will give me margin?

You can get portfolio margin - that's what you need - for a minimum deposit of 100,000.

Ask your broker what's they require for 'portfolio margin.'

Mark