Direct access options broker

This is a discussion on Direct access options broker within the Brokerages forums, part of the Commercial category; Originally Posted by A Dashing Blade Bull, I know you're trolling, you know you're trolling, now troll off! :- Def: ...

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Old Oct 12, 2005, 6:07pm   #31
Joined Jan 2005
Quote:
Originally Posted by A Dashing Blade
Bull, I know you're trolling, you know you're trolling, now troll off!
:-

Def: seriously mate, just ignore him.

edited to add . . . "If i had 100 contracts short puts on fts index on the week of London bombings and positions became on margin call on 7/7 and closing 10 contracts would bring account OUT of margin-call . . . " . . . er, is this possible? Closing the positions out (ie buying them to close) is going to mean funds coming out of your account. Since, unless they are deep in the money Euro puts when cost of carry > div yield, they should be trading at at least intrinsic value. Stll going to leave him with a margin call. Anyway, not that I'm bothered . . .
================================================== ==============
Dash-Bld
Lets say my free cash in account was enough/SUFFICIENT to cover the margin for 90 contracts BUT NOT ENOUGH TO COVER THE OTHER TEN! WHAT COMMENTS DO YOU HAVE NOW?

Your post shows you know very little on following:
1. How margin is calculated
2. Know very little about Margin-calls
3. Very little on writing puts.
4. You know very little of the value of my account and free cash
5. Very little how to reduce margin without pumping cash in.
6. Very little on converting/adjusting naked puts positions to reduce margin
7. Very little on hedging

Do i need to say more?

Mr Def,

Can you plz ignore Dashing Blades comments as he knows very little on Options, ME and Brokers policies. Now plz dont dissapoint the audience, IB members or the want to be clients of IB.
Tell us your reply to my questions on IB margin rules/policies! You can reply that your not toosure and/or you can ask your boss to reply! as many people want to be sure of your rules.
As things are at the moment your NOT doing a good job representing your firm. IMHO

Bull

Last edited by bulldozer; Oct 12, 2005 at 6:18pm.
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Old Oct 12, 2005, 6:17pm   #32
 
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Quote:
Originally Posted by A Dashing Blade
Bull, I know you're trolling, you know you're trolling, now troll off!
:-

Def: seriously mate, just ignore him.
. .

LOL!!

Incidentally I was amused at the admission
Quote:
If my accounst was wiv IB, i would have been liquidated on the day of London bombings 7/7! AT MASSIVE LOSSES.
. He must have been sh***ing himself praying that the ftse would pull back up before his dodgy broker finally bankrupted him. If the news that week had deteriorated and the ftse sank again he would have been glad to be out and flat with IB instead of being in an ever-deepening hole.

pete
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Old Oct 12, 2005, 6:23pm   #33
Joined Jan 2005
Quote:
Originally Posted by peto
LOL!!

Incidentally I was amused at the admission . He must have been sh***ing himself praying that the ftse would pull back up before his dodgy broker finally bankrupted him. If the news that week had deteriorated and the ftse sank again he would have been glad to be out and flat with IB instead of being in an ever-deepening hole.

pete
================================================== ==================
Peto,
your comments are dissapointing to say the least!

I also notice you have 5 STARS like your buddy Mr Def. And between the 2 of you, you CANT give a straight replies to a set of straight questions!

Just a quick reminder that IB also have clients that WRITE NAKED PUTS ON FTSE! If you dont believe? just ask Osho i believe he has more than ONE account writing puts. He also said he was looking to open more accounts doing the same strats.

Bull

Last edited by bulldozer; Oct 12, 2005 at 6:29pm.
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Old Oct 12, 2005, 7:11pm   #34
 
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Quote:
Originally Posted by bulldozer
================================================== ==================


Just a quick reminder that IB also have clients that WRITE NAKED PUTS ON FTSE!

Bull
No reminder nec thanks, I was well aware of it! IB offer a remarkable range of option strategies. The only one they sensibly don't allow is allowing positions to run out of margin without gradualy liquidating (in the order pre-determined by the client) until margin is restored.

Hope this helps
pete
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Old Oct 12, 2005, 8:45pm   #35
Joined Jan 2005
Quote:
Originally Posted by peto
No reminder nec thanks, I was well aware of it! IB offer a remarkable range of option strategies. The only one they sensibly don't allow is allowing positions to run out of margin without gradualy liquidating (in the order pre-determined by the client) until margin is restored.

Hope this helps
pete
================================================== =====================

Peto,

IB offer a remarkable range Naked puts too So why the big laughs/jokes about people who do naked puts?????

NO, your answers does NOT help Why? cause i was NOT asking for help!!

Can you plz answer my questions ADEQUATLY!!

i WILL REPEAT MY QUESTION AGAIN:

MY CASH IN ACCOUNT COVERS FOR 100 CONTRACTS ON SHORT/WRITTEN PUTS ON FTSE INDEX.
ON 7/7 [London bombing] MRKT GOES DOWN AND MY CASH ONLY COVERS FOR 90 CONTRACTS AND i'M ON MARGIN CALL!! DOES IB DO THE FOLLOWING:

1. CONTACT ME TO TELL ME I'M ON MARG-CALL
2. CLOSE ALL POSITIONS [100 contracts]
3. CLOSE OUT 10 CONTRACTS
4. KEEP ALL POSITION RUNNING
5. ALLOW ME TO ADJUST POSITIONS IN ORDER TO CANCELL MARG-CALL
6. ALLOW ME TO CREATE A HEDGE TO CANCELL MARG-CALL


NOW PLZ ANSWER 1,2,3,4,5, 6, OR other? Perhaps Osho can throw some light on this matter? I think its No2 but they dont like to admit it.

Viewers, option traders or would be option traders, if Peto or Mr Def from IB dont answer the question clearly? could any of you ask IB which is the answer to the question. i'm NOT with IB! But IB clients or people who are thinking of becoming clients need to know! yes?

But if i dont get the answer? i will continue to make people aware that IB are not suitable for all option traders.

http://www.trade2win.com/boards/show...3&page=9&pp=10

Bull

johnc1412@hotmail.com

Last edited by bulldozer; Oct 12, 2005 at 8:53pm.
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Old Oct 12, 2005, 8:55pm   #36
 
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3. CLOSE OUT 10 CONTRACTS Those pre-selected by the client. Assuming that this action will restore the account to acceptable margin for the remaining 90 positions.

Perhaps you should re-read some posts above, this is at least the third time your q has been answered.
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Old Oct 12, 2005, 9:10pm   #37
Joined Jan 2005
Quote:
Originally Posted by peto
3. CLOSE OUT 10 CONTRACTS Those pre-selected by the client. Assuming that this action will restore the account to acceptable margin for the remaining 90 positions.

Perhaps you should re-read some posts above, this is at least the third time your q has been answered.
================================================== ====

Peto,

Sorry but you are NOT clear!
Are you saying that your clients informed IB on the day BEFORE the bombings and made a "Pre-selected discision" to close 10 contracts or how does it work exatly? cause MANY of your clients are NOT aware of this arrangement or facilty. When can they apply for this arangement? and is it available to all clients or just those that ask for it.?

My broker does NOT TOUCH even ONE of those contracts! He would call me the NEXT DAY and tell me my margin -call is x amount and he also tells me i have THREE working days to do anything i want as long as the margin-call is removed!
So the truth of the matter is thank God my account was not with IB on 7/7 cause i would have suffered a massive LOSS! cause the footsie recovered quickly!

Osho, Mr Def, IB options clients,
Are you aware of this special arrangement?

Happy IB clients click below plz

http://www.elitetrader.com/vb/showth...6&pagenumber=8

http://www.elitetrader.com/vb/showth...6&pagenumber=9

http://www.elitetrader.com/vb/showth...&pagenumber=10

Bull
johnc1412@hotmail.com

Last edited by bulldozer; Oct 12, 2005 at 10:04pm.
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Old Oct 12, 2005, 9:59pm   #38
Joined Jan 2005
Quote:
Originally Posted by peto
LOL!!

Incidentally I was amused at the admission . He must have been sh***ing himself praying that the ftse would pull back up before his dodgy broker finally bankrupted him. If the news that week had deteriorated and the ftse sank again he would have been glad to be out and flat with IB instead of being in an ever-deepening hole.

pete
================================================== ================
Peto 5 star man,

Can i ask you why then did you make tis comment in post Number 32 ?
Can you plz also clarify what you mean by "HIS DODGY BROKER"?

Bull
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Old Oct 12, 2005, 10:21pm   #39
Joined Jan 2005
Quote:
Originally Posted by A Dashing Blade
Bull, I know you're trolling, you know you're trolling, now troll off!
:-

Def: seriously mate, just ignore him.

edited to add . . . "If i had 100 contracts short puts on fts index on the week of London bombings and positions became on margin call on 7/7 and closing 10 contracts would bring account OUT of margin-call . . . " . . . er, is this possible? Closing the positions out (ie buying them to close) is going to mean funds coming out of your account. Since, unless they are deep in the money Euro puts when cost of carry > div yield, they should be trading at at least intrinsic value. Stll going to leave him with a margin call. Anyway, not that I'm bothered . . .
================================================== ==================
Dash-Blade,

Now that u have read the reply from Mr Peto 5 star man from IB, Do you want to make a comment? on the closing of 10 contracts I told you your NOT as smart as you thought you were!

Bull
Monkeys that mess with BULLS get BOTH horns! sooner or later! but in most cases its sooner rather than latter!
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Old Oct 12, 2005, 10:24pm   #40
 
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Quote:
Sorry but you are NOT clear!
, why am I not surprised?
Quote:
Are you saying that your clients....
I don't have any clients. Def is the chap you're thinking of, he works for IB.
Quote:
informed IB on the day BEFORE the bombingsand made a "Pre-selected discision
the facility to select which positions to close last may be made at any time while the position is open
Quote:
how does it work exatly?
entry in the right hand column of the accounts menu
Quote:
When can they apply for this arangement? and is it available to all clients
it is there for all without application.

Quote:
My broker does NOT TOUCH even ONE of those contracts! He would call me the NEXT DAY and tell me my margin -call is x amount and he also tells me i have THREE working days to do anything i want as long as the margin-call is removed!
so you keep repeating endlessly. How would you have handled it if the footsy continued to fall for the next couple of days after the London bombings?
Quote:
Originally Posted by bull (post22)
If my accounst was wiv IB, i would have been liquidated on the day of London bombings 7/7! AT MASSIVE LOSSES.
after another 2 days of falls (or even going sideways) you would be in the sh*t with your broker by your own admission. A broker which allows you to get that deep in must be at least suspect and probably operating outside of exchange rules.

pete
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Old Oct 12, 2005, 10:34pm   #41
Joined Jan 2005
Peto,
"so you keep repeating endlessly. How would you have handled it if the footsy continued to fall for the next couple of days after the London bombings? "

READ MY LIPS I would put plan B to stop the loses from getting bigger!

"after another 2 days of falls (or even going sideways) you would be in the sh*t with your broker by your own admission. A broker which allows you to get that deep in must be at least suspect and probably operating outside of exchange rules."

READ MY LIPS AGAIN! Plan B has always work'd! Without plan B the broker would not have allowed me to open those positions in the FIRSTplace! and they would be in the shi t with FSA Go back and read my posts again! The broker gives a test to the client before he allows the costomer become a client! remember?

Bull
johnc1412@hotmail.com

Last edited by bulldozer; Oct 12, 2005 at 11:20pm.
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Old Oct 12, 2005, 10:47pm   #42
 
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ah!
plan B!
of course.
Well everything is all right then.
???????
pete
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Old Oct 12, 2005, 11:14pm   #43
Joined Jan 2005
Quote:
Originally Posted by peto
ah!
plan B!
of course.
Well everything is all right then.
???????
pete
================================================== =======
Peto,

Whats the problem? and why are you being sarcastic?
Are you trying to tell us that a BIG SHORT STRANGLER on ftse has no plan B? or that plan b does NOT exist.?

How long did you say you been doing options?

Bull

Last edited by bulldozer; Oct 12, 2005 at 11:21pm.
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Old Oct 13, 2005, 10:14am   #44
Joined Jan 2005
Quote:
Originally Posted by bulldozer
================================================== =====================

Peto,

IB offer a remarkable range Naked puts too So why the big laughs/jokes about people who do naked puts?????

NO, your answers does NOT help Why? cause i was NOT asking for help!!

Can you plz answer my questions ADEQUATLY!!

i WILL REPEAT MY QUESTION AGAIN:

MY CASH IN ACCOUNT COVERS FOR 100 CONTRACTS ON SHORT/WRITTEN PUTS ON FTSE INDEX.
ON 7/7 [London bombing] MRKT GOES DOWN AND MY CASH ONLY COVERS FOR 90 CONTRACTS AND i'M ON MARGIN CALL!! DOES IB DO THE FOLLOWING:

1. CONTACT ME TO TELL ME I'M ON MARG-CALL
2. CLOSE ALL POSITIONS [100 contracts]
3. CLOSE OUT 10 CONTRACTS
4. KEEP ALL POSITION RUNNING
5. ALLOW ME TO ADJUST POSITIONS IN ORDER TO CANCELL MARG-CALL
6. ALLOW ME TO CREATE A HEDGE TO CANCELL MARG-CALL


NOW PLZ ANSWER 1,2,3,4,5, 6, OR other? Perhaps Osho can throw some light on this matter? I think its No2 but they dont like to admit it.

Viewers, option traders or would be option traders, if Peto or Mr Def from IB dont answer the question clearly? could any of you ask IB which is the answer to the question. i'm NOT with IB! But IB clients or people who are thinking of becoming clients need to know! yes?

But if i dont get the answer? i will continue to make people aware that IB are not suitable for all option traders.

http://www.trade2win.com/boards/show...3&page=9&pp=10

Bull

johnc1412@hotmail.com
================================================== =============

Mr Def or IB employees or IB Bosses, or IB clients,
Could someone plz reply to this post [post No 35] Peto has told us that he is NOT a IB employee. I have recieved some e-mails from viewers asking me to continue with my aim to get to the truth on IB rules on Margin.
So cm-on lets have some STRAIGHT FORWARD truthfull replies plz and NOT in politicians language!
My UK based broker will use option ONE, FOUR , FIVE and SIX [within the fsa rule book]
He then gives me 3 working days to reduce margin by using any method i wish. He does NOT interefer with my positions during those 3 days.
I can go to my bank and draw out a draft cheque for the correct amount in order to remove margin within those 3 days period.
Or i can use MANY options strategies to remove the margin-call.
It seams that US brokers dont give these choices to their clients? plz correct me if I'm wrong.

All replies are welcome!

Bull
johnc1412@hotmail.com
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Old Oct 13, 2005, 10:27am   #45
 
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Quote:
How long did you say you been doing options?
19years
Quote:
Mr Def or IB employees or IB Bosses, or IB clients,
I'm a IB client

Quote:
So cm-on lets have some STRAIGHT FORWARD truthfull replies plz and NOT in politicians language!
Which bit of my language did you not understand, Bull?

Quote:
He then gives me 3 working days to reduce margin by using any method i wish. He does NOT interefer with my positions during those 3 days.
repeated endlessly + 1

Quote:
It seams that US brokers dont give these choices to their clients?
How many times?
IB do not, when the account is already out of margin. Other US brokers may well operate other rules. Perhaps you should address your questions to them or their clients?
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