AMP raises overnights to 100% of SPAN.

No mention of day-session change. Apparently I am on their email distro.

 

I received an email last week that they have doubled the daytrade margins.

 

Targeting degenerate gamblers

 

https://news.ampfutures.com/tempora...ins-increase-effective-immediately-march-2020

 

Yeah, the ones who declared we were at a low only to get smashed by a couple hundred points after declaring a top and getting smashed by 300 spooz.

 

They doubled their day margin for all contracts. I.e was $400 for ES, now $800

 

I thought all brokers applied exchange maintenance requirements for overnight?Amp act's like they didn't before

 

Not if the position is put on once globex reopens. It’s at the discretion of the broker for them to allow daytrade margin outside of RTH.

 

They had an odd rule on requirements. Overnight kicked in only for the last 5 minutes of RTH, or maybe the last hour? After that, once the market reopened at 6PM ET, they reverted back to daytrade margin, even if your position was open the previous day. Thus the reason for the updated rule.

 

Thought I would add this in here.

My friend who is a doctor @ an Ontario hospital got pulled into a meeting today. Ontario is likely to go into a lockdown tomorrow. I would like to short the TSX futures but they don't open until 2am and the announcement could be as soon as tonight.

Are there any other trades I can structure at this current moment to take advantage of this?

Thanks