IBKR (Interactive Brokers) getting POUNDED!!!!!!!

I doubt if there's any "news". Brokers are all under pressure to one degree or another. And chances are they are all facing withdrawals to one degree or another as well.

OldTrader

 

I hope that's the rumor and that it's false. But it looks like there's some connection to mf pnsn and maybe a couple others as they all started tanking at the same time.

Kind of surprised these stocks are getting clocked and nobody seems to know what for.

 

I can confirm that it's NOT true. My wife initiated a wire on Saturday which was received this morning.

 

my guess is margin calls related to the BSC implosion.

but who the hell knows. bedlam

 

They are probably not all one if the biggest options market makers.

 

Business as usual. Why do you need to worry about unless you have a big account?

The whole financial sector is under fire

 

I didn't say there weren't rumors. Undoubtedly there are plenty of those. I thought the question had to do with the "news". You don't need news to move a stock, especially a brokerage stock after the Bear situation.

Oldtrader

 

$24.10, still long. It's not a secret that IBKR's prop-trading has a long-gamma mandate. Their losses, if they've suffered any, would be the result of margin loan deficits.

 

How do u know they are long gamma? Isnt market maker suppose to do both side?

 

I wasn't aware that IB even did this. So they are acting as a MM in options these days, instead of as just a broker?