Now he's being rude. He went and took my edit to correct the Pink Floyd thing in a follow-up post, and STILL has me on ignore. https://www.elitetrader.com/et/thre...meone-check-please.344134/page-6#post-5087969 Dirty pool, des!
something about all this smells like poopydeek makes no sense. there are literally 1000's , 10s of thousands of illiquid , stupid wide or NO QUOTE options all over the boards. if the op's 'problem' were widespread, your sphincters would be bleeding daily if you sold any of them , and IB priced against crazy quotes . Lets get IB to respond
You are right, their objective is not to have to pay money to cover up any clients' losses. I was just referring to the MTM process itself and how they are presumably valuing the clients' positions. Exactly, it backfired and they took a hit, small one, yes, but a hit. Hope this will open their eyes on considering clients' feedback loop & understanding that their Algorithms are not sacred.
Guess they took a hit of 80M and now they are trying to get this money back by screwing their customers But ok, was dumb from me to sell options that far out from the get go.
How are they getting anything back by marking your option to the closing price where the exchange is marking it? How many other brokers even offer those options now? The conspiracy theory is idiotic. Oil just moved something like 6 STDs in 1/2 hour and you are shorting options looking to make 15K while your downside now is know unknown. You're not happy with the margin. You admit you were a fool dipping your toe into the deep end of the pool. Get over it.