Short strangle legs were assigned even though price of underlying stayed within the price bounds?

ITM_Latino said:
You in the states? at the moment i'm forced with IB because of my nationality, but if you are able to use ToS, it's a great platform. You can try at as a second option.

Not that IB is bad, they are a powerful institutional level broker. All brokers do that sweeps, specially in low margin accounts (RH for example does it in great scale probably for the profile of a great number of their users), IB in my case have never done it, they even don't let me close covered positions that I just want to close for neatness (when I just don't want the assignment/exercise crossing on losing positions, probably they don't let me close even at full strike width price to save me some on commisions).

Also take in consideration that us using IB didn't have even a small hiccup these past days when ToS was a hot mess.
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They are fine . My max loss is 16k on the combo. I only left 10k of excess liquidity in the account.

Would portfolio margin vs regular T make any difference ?
 
destriero said:
IB is seemingly randomly requiring more than the risk on bog-standard debit spreads. $60 vertical risk ($6,000) and IB charging over $70. I left them a few years ago when losing connection while legging. I called the trade desk and got disconnected. They literally hung up on me twice due to the influx of calls. I worked the order through TDA and wired out of IB the following week.

They went to bat for me during the RAES arb in 2000-01, but never again. Global access is nice, but they are light on servers and their haircuts are ridiculous.
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on the debit spreads margin overcharging! sharp observation, now I remember that last week I couldn't open an AMZN debit spread just because I didn't have the avail margin and my math was telling me I did. I have a second nationality that TD does accept, i'll be moving faster to get my new passport to try ToS.
 
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stochastix said:
They are fine . My max loss is 16k on the combo. I only left 10k of excess liquidity in the account.

Would portfolio margin vs regular T make any difference ?
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That's a great question sadly i'm not able to anwser, I'm using Regular T since opening and haven't done the proper research on the pros and cons to migrate to portfolio, my decision making is probably always easier as i'm not liable any taxes in the US but I have that research pending for sure.
 
Fascinating how those who don't understand options, blame the broker when playing with real money. Use a paper account until you actually know what you're doing.
 
TDA as a BD is awesome. I had one issue where a bug in the front end forced them to trade 100 micro NQ at the market in the account. I was logged off at the time. I don't trade micros; they weren't on any of my watchlists. Small loss of $1,200 which they refused to cover, offering me $150 which didn't cover the comms. I wired out due to that and they offered me $2,000 for wiring n-figure into a new account. So they wouldn't accept liability but made it right anyway.

I run TDA on a 18-core 2020 Xeon iMac Pro and it's great until the end of the day and it becomes sluggish with their cache. I also have a 12-core Mac Pro at another location and it seems to run better. It's a huge memory hog. Max the settings at login and restart the app mid-day to dump the cache.
 
eastern_warrior said:
Fascinating how those who don't understand options, blame the broker when playing with real money. Use a paper account until you actually know what you're doing.
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Who is blaming the broker ? I only said their software shouldn't call something a short strangle when it's not
 
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