Deltatrader
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Has anyone else noticed a 400% increase in margin rates with Interactive Brokers lately? I trade short options on Treasury Bonds and Notes (STRANGLES) on ZN & ZB.
Last week 7-15-2008 IB sent out bulletins saying that they would have gradual daily increases in margin rates to more accurately reflect the risk in short options. We'll it turned out to be not such a gradual daily increase. My margin increased by Fourfold (400%) OVERNIGHT. ! I woke up Thursday morning to find that IB had liquidated a large portion of my positions. If anyone else has experienced this, Please post a reply.
Last week 7-15-2008 IB sent out bulletins saying that they would have gradual daily increases in margin rates to more accurately reflect the risk in short options. We'll it turned out to be not such a gradual daily increase. My margin increased by Fourfold (400%) OVERNIGHT. ! I woke up Thursday morning to find that IB had liquidated a large portion of my positions. If anyone else has experienced this, Please post a reply.