is there some reason IB seems to hire help desk people that know nothing about trading? is it a job qualification? if it is, many here at et could find gainful employment!
My guess is they have bought some cliquet option to hedge their exposure to a 30% drop : their exposure being that if you are wiped out, they are on the hook for the balance. If the gross number is under a certain size, then it doesn't matter; if the gross number exceeds that level they need the protection. They are passing this cost onto you, which is why it's a fee instead of a margin req.
Now I see that I've not been charged an exposure fee for both the 18th & 19th even though my position and risk profile remain unchanged. In my other account with IB which has the same positions there are no exposure fees charged at all. IB's proprietary software system that assigns an exposure fee is beginning to appear as though it relies upon a random generator. Perhaps we should view this as an "arbitrary nuisance fee" rather than an "exposure fee".
all they need to do is short RSH to zero to hedge all the inept traders they have as customers. I told my people to get in at 1.70
Darn. RSH see my tweet.. i was supposed to short VIA calls... once when it crossed 4. .i sold a few calls. but was supposed to go big time bearish but got lazy http://stocktwits.com/jkutti2000/message/18526705