Can't place a metal calendar spread order

Discussion in 'Commodity Futures' started by TraDaToR, May 11, 2020.

  1. TraDaToR



    I tried to place a few metal calendar spread orders in the last few weeks with my IB account and everytime my order is rejected because of an absurd initial margin requirement( like 50K per lot for a gold calendar spread ). At first, I thought it was that IB applied crazy margins due to the volatility and the erratic behaviour of convergence in metals but now, I wonder if there is something wrong in my precautionary settings or something like that.

    Are you guys able to place metal spread orders?

  2. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    What is the exact spread/ quantity/markets?
  3. xandman



    That spread has a margin requirement of $37,099 on IBKR and $500 on the CME Span calculator.
    TooEffingOld and TraDaToR like this.
  4. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

  5. xandman


    You guys are on point. upload_2020-5-11_8-59-39.png
    CannonTrading_Ilan likes this.
  6. TraDaToR


    LOL... They simply don't want us to trade it now...
  7. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    Further metals margins increases - August 11th, 2020:

    GC from $9570 --> $10,230

    SI from $12,650 --> $14,575
    TraDaToR likes this.
  8. Overnight


    To be expected after it drops 100 points in a day.
    CannonTrading_Ilan likes this.