Hi all, I would like to sell Cash Secured Puts but from my understanding, this requires a margin account. I've looked everywhere on Interactive Brokers website, my account page and on Google but I can't find an application page. I can see trading permissions but that's about it. Can you please help me? Also, from my understanding, I need a at least $2000 USD for a margin account. Is that true? Thanks
The day before yesterday you had no idea about stocks that move 1 or 2 ticks throughout an entire trading session. Then yesterday you "cracked the code" and today you want to open a margin trading account with 2k (assuming your funding balance will be close to 2k else you would not ask about the account open minimum)? I highly recommend you to LEARN and acquire more knowledge before you blow hard earned money away, which I can guarantee you will happen at your current state...
Thanks for the reply. I have a cash account with well over $2000USD but it won't let me open a margin account. There's no option to open it in the account settings area.
No need to be obnoxious. I simply suggested that you should learn more before you risk your hard earned money. The timing you display in this forum appears very rushed and lacks a clear roadmap.