suffering from margin call constantly

any recommendations?

 

You know I work for Lightspeed, right?

 

I had my risk guy run this. Email me directly and I will provide the OCC margin , House margin and Risk requirements to see how big the account would need to be to cover this.

 

Hi,Looked at the position for 2 nanoseconds,did not input it into TOS...

Assuming the stock stays here,your 3/31 puts (35 net)will go out worthless and you will get long an additional 4300 shares from your 3/31 170 calls and 1500 shares from your 177.5 calls.Add that to your 3300 shares,and you will have 9100 shares of common.

Looking at 4/06,you are short 166 calls,most around the 177.5 strike(avg).
Add to that you are short 27 puts at the 175 strike and 11 at the 195 strike.

If I convert the stock against calls,you are synthetically short 91 puts around 177,plus the 27 175's and the 11 195's .So you are basically short 129 4/6 177.5 puts and short 75 177.5 calls..

Th following week 4/14,you are long 71 upside calls,most of them split up between the 200 strike and the 212.5. So your upside pain is limited as you are almost in a 1 for 1 Diag call spread...

The problem is you only have 31 4/14 puts protecting the downside if Musk keels over..You will be short 129 4/6 puts if you do nothing,so essentially you are short close to 100 puts..Naked..Nude....

Yes,your sweet spot is lower,around 177.5,but IB will shut your ass down WAY before that...TOS simulates a 50% adverse move,and if you do not roll by tomorrow,you are begging for a spanking..

Like I said,this was done on paper in 2 minutes,so I could be off..

 

How is the API comparing IB?

 

Thanks a lot! Any result?

 

No, you can't assume that. You can't use days after 3/31 to justify the order rejection on 3/24.

 

I’m happy to provide a list of APIs that we offer and you can compare them. Same with the results of the file we loaded. Just email me at rmorse@lightspeed.com.

 

Not surprised you're having issues with that options mix. You're looking at net but the margining system marks are noisy so you need to consider there's a gross component at times as well when the calculation is skewed. I don't understand the mechanics of why but IBKR has always been like this in my experience.

Select small brokers might would work with you and they don't do auto liquidation. They're more expensive with higher comm and/or platform fees though so it's not obviously a better choice.

 

Not really, but we do have platform fees.