If you sell (buy) an EFP, you buy (sell) stock and sell (buy) an SSF. EFP means that you do both at the same time, as part of the same...
Not really. If your EFP stocks increase in value and create a negative cash balance (debit) in your account, large enough to trigger...
I just wanted to acknowlege that you are continuing to babble your ignorance, even though I don't think you've said anything meriting any specific...
Look at initial margin, not maintenance margin. Should be 25% of the stock's value intraday, but if you hold thru the close of business, you will...
Nassau, Refco made its money by fraudulently exposing its customers, investors, and creditors, as well as the larger financial system, to...
I re-read your earlier post, and I am sorry to say that I am still appalled by the unfair way you have spewed your ignorance, apparently without...
Your comparison makes no sense. The $400M loss, about a quarter of Refco's market cap, which triggered Refco's collapse, was caused by Refco's...
We all benefit when markets are regulated to protect us against fraud and other criminal conduct. Such protection reduces the risk of using...
The claim that IB is another Refco is, I think, one that could only be made by a person who is not only ignorant, but who is also so extremely...
No, not under present IB policies, if I correctly understand the examples on margin interest given on IB's website. The proceeds from the...
A surprise dividend on a short EFP works in your favor. You are long the stock leg of a short EFP, and so you receive the dividend. If truly a...
Here is another example of something to watch when trading EFPs. This morning, IB's market scanner for high-paying EFP shorts quoted a...
So IB is the clear winner, charging substantially less margin interest, no matter how much money is involved. This is based on your numbers,...
I think that if you are borrowing 500K in margin, then IB, currently, charges you 6.899% on the first 100K, and then 6.399% on the remaining 400K....
Here is a tip on how to cut your EFP transaction costs in half. Do not rollover your EFPs. Allow each to expire and to be exercised, and then,...
You are correct, in my opinion. I think one of the advantages of EFPs is that you can instead sell $100K in EFPs, and thereby earn a market...
I just took a peek at IRS Pub 550, to refresh my memory, and I realized that things are way more complicated than I remembered. SO PLEASE...
I haven't had time to check, but my recollection of IRS regs is that rolling over an EFP will not generate a tax event or affect holding periods;...
IB does give examples of specific EFP scenarios on its website. Your scenario states that you purchased EFPs in order to invest your cash. You...
IB's margin rate, charged for dollar balances over $3M, is currently 5.649%, substantially lower than the figure you gave. The figure you gave,...
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