How Do I Trade With Margin On E*Trade?

Discussion in 'Retail Brokers' started by phantomx777, Feb 2, 2022.

  1. I'm new to Margin all together and need some help. Here are my numbers:

    Total Margin Requirements $0.00 Total Margin Equity $190.68 Adjusted SMA $205.34 Maintenance Excess $190.68 Non-Margin Purchasing Power $190.68 Margin Purchasing Power $410.68

    Everytime I attempt to make a trade (selling a put option), I wont let me. I'm with E*Trade.
     
  2. newwurldmn

    newwurldmn

    How do you see the SMA on E*TRADE?
     
  3. Hover over "Account", go to "Portfolio", click "Margin", then scroll down. You should see it there.
     
    newwurldmn likes this.
  4. BKR88

    BKR88

    You need to apply for options trading.
    Selling naked options requires a higher approval level and thousands in the account.

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    Last edited: Feb 2, 2022
  5. For selling a put you'd need to be able to cover the stock put to you in case it gets in the money at or near expiration.