MBTrading -- no margin trading of 3x ETFs and you must wear boxers

S

SideShowBob

Dear Valued Client:

Effective tomorrow February 25, 2009, our clearing firm will no longer allow Three Times (3x) Leveraged Exchange Traded Funds to be traded on margin. Additionally, options strategies traded on the underlying leveraged exchange traded funds will be limited to the following:

Long Call
Long Put
Covered Call
Debit Spreads

Below are the 16 Leveraged exchange traded funds that will be affected:
BGU Large Cap Bull 3x Shares
TNA Small Cap Bull 3x Shares
ERX Energy Bull 3x Shares
FAS Financial Bull 3x Shares
DZK Developed Markets Bull 3x Shares
EDC Emerging Markets Bull 3x Shares
TYH Technology Bull 3x Shares
MWJ Mid Cap Bull 3x Shares
BGZ Large Cap Bear 3x Shares
TZA Small Cap Bear 3x Shares
ERY Energy Bear 3x Shares
FAZ Financial Bear 3x Shares
DPK Developed Markets Bear 3x Shares
EDZ Emerging Markets Bear 3x Shares
TYP Technology Bear 3x Shares
MWN Mid Cap Bear 3x Shares

If you own these funds you will need to make certain that they are fully paid for and no longer on margin.

If you have any questions feel free to contact us at 866-628-3001.

Thank you,



MB Trading

<i>As a side note, we also reserve the right to tell you what foods you can eat, and what type of underwear to wear (we prefer boxers although thongs are OK for the ladies)</i>
 
Quote from SideShowBob:



<i>As a side note, we also reserve the right to tell you what foods you can eat, and what type of underwear to wear (we prefer boxers although thongs are OK for the ladies)</i>
More...

Thongs are all played out.
 
They KILLED me with this...I had just spent a month developing an automated system that was very profitable playing these instruments.

Without the margin, its ok, but far less effective.
 
your clearing firm is penson. the change has nothing to do with mbtrading. look at the price of pnsn. nothing should surprise you.
 
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