Until the volatile situation is over, no intraday margins. However, given your chosen name I recommend another broker. Choose someone with low margins ... other than IB.
It looks to me that the margin removal is almost done automatically each time the VIX spikes up... (>30)
I can handle full margins I just don't understand why they have stopped day margins. When currently 4-5 other ecn broker dealers in Chicago I know of currently offer from 500-1000 intraday margins for these index's. Because 1 person thinks there's a volatile situation doesn't mean another does. Are you speaking specifically of these instruments or something else? Because I constantly see confusion on boards like this when people are arguing about 2 different markets.
Ill explain it to ya. The same reason the Dick at LEH took more risk than he should have, and GS didn't. Kapish braintrust?
Yeah they do. I guess that explains their spam. Didn't get any from them before I moved three accounts away from them. Asswiper. Ignored.
IB let me have more than 3X margin today (until overnight rules kicked in). It was just stocks and ETFs though. I would have thought I would only get up to 2X during the restriction? Oh well. Glad they did. I kicked ass today, as opposed to getting my ass kicked like most of last week! Good trading to all.