Hello Robert, thank you for your reply. Any position limit up to the equity option limits applied by exchanges would be ideal. So 200/250k option...
I am thinking of registering with Tastytrade. I am based in Europe and so therefore my choice of option brokers is somewhat limited. Interactive...
I wasn't aware of this. Could be a contributing factor in margin requirements. Thank you for that information, I'll check it out.
That's my next step I think, Tastytrade. Hopefully a much better broker than the shocking IB...
Good point. Although, I find TD Ameritrade a much better platform, much easier to use than IB, and none of the restrictive nonsense and regulatory...
So this begs the question then, if options trading is so challenging and deliberately cumbersome on IB, why does anyone trade with them?
And do you ever receive a message saying 'Gross position value must be no more than account equity times 30' or 'Your order is too large to accept...
For reference, exact same trade with same number of contracts on TD Thinkorswim platform...
To which there is no issue with TD and many other brokers. One can trade as many contracts as their balance allows, without these 'extra' checks...
Yes, and the margin wouldn't be that anyway, it would be lower. So who knows where IB is getting these figures from...
I'm referring to the message itself. Which also shows when the market is open. And trades still won't go though when market is open. IB's risk...
The frustration with IB continues. I think I'm nearly done. I have mentioned in a previous threads about IB's restrictive trading policies, and...
You're right. However I can trade more of these on other brokers, as they allow the trade to go through. So ten of these contracts with TD etc...
Yes. I often trade these spreads and capture small moves to make money.
Because it's $10,000 -9,700 (Limit price of 97) thus $300..
That screenshot is for the November 22nd 3000/3100 SPX strikes. So only a few days out. As you can see the margin required here is only $300, a...
Apologies, I made a mistake in my calculations during previous post. Here is a screenshot of a 3000/3100 strikes spread from my Thinkorswim paper...
Hi Robert. I can give you an example now if you like. Take the SPX for instance. Vertical credit spread, strikes 3000/3100, width 100 points. On...
I mean that IB do not apply credit received in the case of vertical credit spreads etc to margin required. The difference in strikes requires full...
And I presume in the case of Tastytrade, they apply credit received to margin requirements for options Spreads? That is my biggest issue with IB....
Separate names with a comma.