I have a question. I have a portfolio margin account with TOS but their rates are too high. Probably going to IB. But please tell me if I have any holes in this idea. Married Put Strategy Buy 1000 shares / buy 10 puts.. If underlying goes down, take PUT profit, buy more shrares and more puts... Now the question - totally about the interest and dividends. Assume my account balance is $200K and I place this hypothetical trade: I buy 5000 shares of MCD @ 88 and 50 Married Puts at 3.50 Tell me if this is a "close" assumption 5000 shares $440,000 - less 200K in cash. So Portfolio Margining 240k at 1.3683 (blended rate from IB's site) Total $3284 interest divide that by 12: $ 273 interest per month. MCD pays (lately) .70 per share so $3500 per qtr dividends. To make this strategy work - I need the dividends to cover the cost of the interest. Again, as the market goes down, cash in puts and buy more shares and puts - when it goes up (eventually) but more ATM puts w/ profits. Do I have the numbers right, or close at least for the interest payments ??? Feel free to add comments as well. My plan for this account is to buy a ton of stock w/ portfolio margin and allowing the dividends to offset the interest and maybe make a buck or two. Thanks in advance!!