Options noob, but why does IB want nearly 3700$ for a 25$ option ??

T

TKOtrader

Thanks to whoever can explain this to me!!
 

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So this is for real??? I'm not reading it wrong or made a mistake anywhere?? They really want that much for a 25$ option??? The most that can be lost is the 25 bucks correct ??
 
Oh I dunno TKO. It certainly looks like they were saying you did not have enough. But there is that upgrade to portfolio margin? Maybe that will help?
 
Saltynuts said:
Oh I dunno TKO. It certainly looks like they were saying you did not have enough. But there is that upgrade to portfolio margin? Maybe that will help?
More...
I think I'm going to upgrade on outta there!!! Who's the best broker these days for US clients ??
 
TKOtrader said:
So this is for real??? I'm not reading it wrong or made a mistake anywhere?? They really want that much for a 25$ option??? The most that can be lost is the 25 bucks correct ??
More...

If you are buying a $25 call and only for 1 contract, there is probably, not enough monies for the broker to bother with your order. So, they would rather not fill it.
 
TKOtrader said:
So this is for real??? I'm not reading it wrong or made a mistake anywhere?? They really want that much for a 25$ option??? The most that can be lost is the 25 bucks correct ??
More...
I bet what you did.... you're trading in a cash account right(?)... somewhere in the order window is a dropdown menue that has the option for "margin" or "cash".... you probably had the "margin" selected.
Try it by selecting "cash"... I'm sure it'll work.
 
vanzandt said:
I bet what you did.... you're trading in a cash account right(?)... somewhere in the order window is a dropdown menue that has the option for "margin" or "cash".... you probably had the "margin" selected.
Try it by selecting "cash"... I'm sure it'll work.
More...


I don't think you can trade options in a cash account.
 
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