AMP. Very good broker. They have an illogical phobia about short calls or puts on futures + They should tighten up the margin a bit. Look at this ridiculousness: Yeah, that's the current margin. IB $27k+, AMP $2.6k. Go figure
Wait is that the margin table for AMP? Cause IB margin is like 2x that table...AND intraday margin not currently available. So pretty much full 27k needed for intraday ES.
I don't think there was any news, its just a great stock for the long haul. It IPO'd back in July for about $45. Not that means anything really. I got in about $16.10 Monday morning. I had been watching it and I couldn't believe it got down to almost $15. I just happened to click on it in my trading window. I was like "fu****!" If I hadn't been dicking around here with B1's bs... I'd have got in cheaper. I have a few posts here after that about it, I took a big position and swore I wasn't touching it. I told quite a few people I know to go all in on the bitch. A couple here too via PM. Ahhh.... it'll pull back again. But who knows. If it ever hits the $14's, buy it.
Yes, I copy pasted from morning email. It may have changed a bit since then, I don't really care. Noone123 should need to use margin that low, but $27k is ridiculous Edit: sorry
We are close to blast off in this market. Bottom is in and shorts are beginning to give up the ghost.
So they still offer intraday margin on ES for 2650. That's 1/10th of IB current requirement. Wow. I can increase my buying power 10x...although, probably won't want to max out that much.
Good thing I didn't stick around to listen. I see it closed at $46. One of these days you'll be right B1. Christ almighty, you were screaming the market was a buy at 3250. Someone needs to eat a little humble pie bro. You're batting about f'ing zero dude. Quit pissin' in the wind.
I don't know if you saw this one, but this pretty much says it all. https://elitetrader.com/et/threads/es-journal-2019-2020.328086/page-1550#post-5040204 Pretty piss poor calls on his part. Unbelievably bad tbh. But the thread is fun.