Today I did shortsell a Put (as CashSecuredPut) strike=4, premium=3.6, and my "unsettled cash" went from $0 to $759.34 ! I don't grasp this. Shouldn't that not rather be just $360 ? Asked the TD support, but so far no answer yet regarding this issue. Anybody else had such an unexpected or illogical discrepancy? Just a speculation: I think the system maybe has a bug if one does the following: Prior opening this position I had cancelled a not yet filled & unrelated GTC order to make funds available for this trade...
I may be just too stupid to 'get it', but how on earth is someone paying you 3.6 for a strike that is only $4? Is your vol at 500 or something?
I love how a professional programmer assumes everything he doesn’t understand is a software bug. he must write pretty shitty software to assume all software is so buggy.
On the flip-side, you don't want to blindly trust your broker's T5008s when filing your taxes. Most unseasoned 'traders' find this out the hard-way!
That's perfectly fair enough.... I'm a big advocate of double-checking results. That said, prematurely jumping to the conclusion that there's a "bug" or you're right and they're wrong is not a great character trait. This is @earth_imperator's modus operandi. Digging deep, doing your homework and making good judgement calls in these matters is critically important.