You idiot. Covered and naked are two opposite things. You can cover a short put with a short position or with cash. At the point it's covered by...
By definition, if you need to cover it completely with cash, it's not a naked put. This is the same mistake the guy above made. Why not? A long...
Is it really naked if you have to pay the "put strike price"? Why that would be forking over enough to pay for the stock at that price. Oh my...
You shouldn't be trading options, because you have no idea what you're talking about. There are no "naked" puts in cash accounts. The...
Looks like the horse is drooling.
Yeah, he's been quite silent. I have a hard time believing it fully until he posts some outcome of talks with IB or that he got a lawyer or...
[img] He doesn't have a cash account because he's holding a put spread with American style options; SPY's. Cash accounts can only do put...
There's no such thing as a cash covered naked put. And neither of those things are the same as a debit spread. LOL I'll come back to this...
That only applies to assignments. Obviously he has a margin account, or else he couldn't open the position because it's built into the initial...
Robots and computers are inherently dumb. They require programmers who aren't dumb but who make mistakes (like that quote code showing in your...
Well obviously if the OP is correct, the robot would have to be dumb to ignore the legality of the spread structure and look at the bogus market...
Go back and look at my earlier posts in this thread. I specifically stated that IF the OP's explanation is real, THEN this is ridiculous for...
Absolutely not, we already asked for the OP's position information, and he gave it. Yes accidents do happen, look at the other people who have...
I wondered the same, until I saw that IB's option margin table shows that spreads are paid up front in cash, and the maintenance is the same as...
Get the stock certificate and frame it up on your wall.
As far as I can tell, he didn't even use margin since it was a debit put spread. They can't liquidate you unless you break the maintenance margin,...
It doesn't matter whether the ask on the short is 10 million, it's legally covered by the long, which can be any price as well. No liquidation...
Wow, what a disaster. What will IB do next? Make a TV commercial using actors with even deeper voices?
We need a news update.
Some people here need to read up alot on debit spreads. If you think they can liquidate you for a debit spread you've already paid for, you...
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