I want to sell naked puts and calls. Will a recent bankruptcy filing be grounds not to approve a margin account? What is the min. deposit to open margin acct. at IB? Thanks.
Recent bankruptcy trying to open margin account
- Thread starter OptionFool
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They don't do a credit check afaik.
I sold the naked option before.
Then I had many many sleepless nights.
Luckily I didn't become bankrupt.
the reward : risk ratio is simply very unattractive.
don't end up being bankrupt again.
all the best mister.
You asked the same questions 3 month ago
https://www.elitetrader.com/et/threads/financial-qualifications-to-trade-naked-options-on-ib.354341/
If you don't know how to receive the answer to these questions after 3months you certainly not ready to trade, period. I suggest you take any job to pay current expenses.
That other thread was from January of 2021,
which makes your point even more valid.
Some people refuse to accept reality.
To the OP:
I am sorry this happened to you, but if trading
caused you to blow up your broker account and
resulted in your going bankrupt IRL, you should
not consider trading options right now.
Either trade with a cash account or find another
source of income besides trading. There are
dozens of other ways to generate cash.
Trading is not for everyone and it really doesn't
work when you are operating from a position of
desperation, because you cannot attract money
when your life and finances are in disarray.
It also affects your decision-making abilities and
the other factors that go into being a profitable
trader.
Figure out another source of income and if you
decide you must trade then you probably need
to start at the beginning so that you don't ruin
your finances by doing what you did before.
You can learn a lot by reading through this
forum and other sources, I suggest you start
doing that.
I wish you all the best.
Even for a margin account? If they don't they are likely one of the few.
They didn't for me. Maybe it depends on the amount you put in.
1.How would you know?
2. How long ago did you open the account
3. Maybe your reputation as a trader preceded you?
1.How would you know?
2. How long ago did you open the account
3. Maybe your reputation as a trader preceded you?
My current account was opened more than 10 years ago, I had no reputation as a trader lol.