Best Broker for OPtions trading -margin req at Interactive Brok Canada are horrendous

Discussion in 'Options' started by Anion, Nov 20, 2010.

  1. Anion

    Anion

    I am looking for a broker that has low prices and good margin rates. Interactive brokers Canada charges horrendous margin requirements. Selling a covered call requires a huge amount of margin much more than twice the margin required for owing the stock outright.
     
  2. rew

    rew

    If the call is covered its sale shouldn't require any margin at all. Are you sure you understand your broker's margin requirements?
     
  3. I had the same thought. To the OP, can you cut and paste IB's margin requirement for covered calls done in a Canadian account?
     
  4. Anion

    Anion

    Yep with interactive brokers a covered call position requires 2-3 times the margin requirement for just being long the stock. I can never seam to make any money with IB because of the absolutely horrendous margin requirements for options.
     
  5. Anion

    Anion

  6. def

    def Interactive Brokers

  7. You mentioned margin rate then margin req, it is kinds of confusing because they are not related and I am not sure which one of them pissed you off more.
     
  8. margin rate and margin req are not related, which one pisses you off ?
     
  9. And where on that page does it indicate that "Selling a covered call requires a huge amount of margin much more than twice the margin required for owing the stock outright."?
     
  10. Judging from the fact that "Anion" just registered this month, and all of his 3 posts are part of this thread, and that he simply regurgitated his 1st statement when others asked questions (without answering their questions at all) - I'd say he's just trying to steer people away from IB for some reason. Shill? Pissed about something else?
     
    #10     Nov 22, 2010