Hi
I have been trading with IB for some time and I find them very good. My account reads as (approximate figures) :
Initial Margin Requirements(IMR): 53,000
Maintenance Margin Requirement(MMR): 44,000
Stock Market Value(SMV): 43,700
Cash Balance(CB): 45,000
Equity with Loan Value(ELV): 88,700
Option Market Value(OML): -20,000
Net Liquidating Value(NLV): 68,700
I sell Puts some OTM and some ITM. I would appreciate if some could tell me:
The margin amount available to me so I can sell some more Puts.
Is it :
(ELV - IMR )* 2 which should be greater than IMR
(88.7 - 53) * 2 = 71.4 - 53 = 18.4
So 18.4 is still available to me.
Can some please throw some light on this. And how will the new 4:1 change the above. Will I have much more available as margin.
Thanks in advance.
I have been trading with IB for some time and I find them very good. My account reads as (approximate figures) :
Initial Margin Requirements(IMR): 53,000
Maintenance Margin Requirement(MMR): 44,000
Stock Market Value(SMV): 43,700
Cash Balance(CB): 45,000
Equity with Loan Value(ELV): 88,700
Option Market Value(OML): -20,000
Net Liquidating Value(NLV): 68,700
I sell Puts some OTM and some ITM. I would appreciate if some could tell me:
The margin amount available to me so I can sell some more Puts.
Is it :
(ELV - IMR )* 2 which should be greater than IMR
(88.7 - 53) * 2 = 71.4 - 53 = 18.4
So 18.4 is still available to me.
Can some please throw some light on this. And how will the new 4:1 change the above. Will I have much more available as margin.
Thanks in advance.