Just got a $21,508.58 margin call (DAY EQUITY CALL)

Discussion in 'Trading' started by aphexcoil, Oct 6, 2017.

  1. ironchef

    ironchef

    That was what I meant, cash secured puts, or covered calls.
     
    #11     Oct 6, 2017
  2. Robert Morse

    Robert Morse Sponsor

    No shorting in a cash account. Only longs. Stocks settle in 2 days and options in 1.
     
    #12     Oct 6, 2017
    ET180 and vanzandt like this.
  3. Grantx

    Grantx

    #13     Oct 6, 2017
  4. Robert Morse

    Robert Morse Sponsor

    No. Futures have no PDT or min account size from the NFA/CFTC.
     
    #14     Oct 6, 2017
    dealmaker and Grantx like this.
  5. zdreg

    zdreg

    it seems doubtful the way you wrote it, under your scenario you can't sell an uncovered call option because the loss is theoretically unlimited.
     
    #15     Oct 6, 2017
  6. Ryan81

    Ryan81

    You can short a call and buy a higher strike call.
     
    #16     Oct 6, 2017
  7. Good excuse to close the account and do something productive with your life
     
    #17     Oct 6, 2017
    Muffhands and truetype like this.
  8. Robert Morse

    Robert Morse Sponsor

    I’m not aware of any broker that allows spreads in a cash account.
     
    #18     Oct 6, 2017
  9. Ryan81

    Ryan81

    I don't have any cash accounts myself, but I thought (at least at one point?) that IB let you do spreads in a cash account as long as they were european style options. I could be wrong though.
     
    #19     Oct 6, 2017
  10. thaitye

    thaitye


    The easiest way to fix this problem is simple, don't be a pleb and lose money.
     
    #20     Oct 6, 2017