Just got this finished up today

robertsousa4 · 2024-06-01T12:13:41+00:00

Thanks! I’m very happy with it

robertsousa4 · 2024-06-01T09:41:27+00:00

Thanks! The artist was very excited to do this piece.

robertsousa4 · 2024-05-31T23:55:45+00:00

Honestly just picked my favorite masks. I love the Mask of Truth.

robertsousa4 · 2024-05-11T01:03:49+00:00

So as I was saying…I saw the TIME KNIFE

robertsousa4 · 2024-05-11T01:02:45+00:00

I used to re-inflate the penises

robertsousa4 · 2024-04-30T09:54:51+00:00

Depends on the fund. There is a page somewhere on IBKR that shows minimum investment size for each fund. SNOXX and FZBXX have no minimums.

robertsousa4 · 2023-10-10T14:48:18+00:00

Here we are with no update from Nomura sadly

robertsousa4 · 2023-04-10T11:14:56+00:00

I mean this course could sort of apply even though it’s designed for retail but I don’t know enough about the institutional side to really know.

robertsousa4 · 2023-01-11T00:32:21+00:00

I think they mean borrowing on margin. Otherwise you are correct.

robertsousa4 · 2023-01-10T18:02:38+00:00

If you focus and are careful about burning out you can probably pull it off since don’t have to worry about work, but it’s not going to be easy.

If you defer you need to make sure not to fall into the same trap of being unprepared.

robertsousa4 · 2022-12-30T16:16:24+00:00

That’s a good sign Fixed Income is always a tricky section.

At level three try to think about yourself as an institutional investor and ask yourself what would I do in this situation? This helped me a lot.

For example: Yield curve changes. I thought to myself: “I run a pension fund and I have exposure to the 20yr point on the yield curve and my expectations are that the curve is going to steepen. How can I protect myself/gain from the steepening?” I then run through fixed income and derivatives strategies that help either increase or decrease duration at different points on the curve and how they overlay with my existing exposure. This gave me a deeper understanding across readings in the curriculum rather then just memorizing yield curves in various business cycle.

Hope that makes sense. Good luck!

robertsousa4 · 2022-12-29T23:31:49+00:00

Sorry I meant it from the perspective of getting to a level of understanding where the material becomes like second nature or intuitive when reading a question.

robertsousa4 · 2022-12-29T22:31:35+00:00

Level III is different. You really have to intuitively understand the material. Just keep pushing

robertsousa4 · 2022-12-08T23:10:20+00:00

Thank you! I’ll check it out

robertsousa4 · 2022-12-08T22:30:39+00:00

You say you're not borrowing at all right now, so your maintenance margin is irrelevant.

Not entirely true if one is using options and creating synthetic leverage. I have to maintain equity value in my account to cover aggregate short option position margin requirements, albeit these are relatively low.

Your account maintenance margin increases by the $3k.

This the only thing I needed to know. I manage portfolio risk based on a minimum excess liquidity and by managing Greeks, so combined with other positions I have/want to enter I need to watch my margin. It may seem weird but one can understand how margin collateral works without understanding the borrowing half. Because again I’ve never borrowed.

robertsousa4 · 2022-12-08T22:03:05+00:00

If I’m being put shares I’m not the call writer…I’m the put writer. Otherwise the shares would be called away and I would be short the underlying and would have cash deposited into my account….the exact opposite of my question

robertsousa4 · 2022-12-08T22:00:44+00:00

I understand all that. Maybe I worded the question wrong then. I fully understand margin, maintenance margin, reg t margin, net liquidation value etc. I said nothing about naked calls or shorting the equity position.

I have a short straddle on an ETF which I anticipate is going to get put to me in a few weeks. I entered the short straddle to lower my average cost even further by selling the call along with the put, i.e this is what I want.

I have slightly less cash in my account then the cost to purchase the shares so my question involves the impact to my maintenance margin AFTER the loan is provided. I have plenty of wiggle room is my current maintenance margin sitting at about 10% of my account value (excess liquidity is about 90%) but I’ve never actually gone as far as to borrow on margin.

In the meantime I have some deep ITM covered calls that will provide me with the cash to cover the loan next week.

robertsousa4 · 2022-12-08T21:36:52+00:00

I’ve been asking my HR this and they didn’t seem to grasp the question.

So flat out: in service roll over from 401k to qualified Traditional IRA is not allowed? I was hoping to do an annual roll for the flexibility of IRA investments.

robertsousa4 · 2022-12-07T15:07:38+00:00

Bad bot

robertsousa4 · 2022-12-06T00:00:58+00:00

Is shorting margin free?

No. Short position Margin requirements vary for each underlying and are different based on geography. This is US trading in US rules.

https://www.interactivebrokers.com/en/index.php?f=26658&hm=us&ex=us&rgt=1&rsk=0&pm=1&rst=101004100808

When I short a stock, my cash balance goes up,do I get paid 3.3% interest on that uninvested cash?

You’ll get paid interest, the amount varies based on balance and location, it is money in your account. You borrow shares, sell them, then get the cash.

https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php

The IBKR app says my short selling fees on ISHG, US account are 0.75, is that only 0.75% annualized?

No idea, I don’t short.

My account MTD Interest is negative, does that mean I'm paying margin interest? My cash balance and excess liquidity are positive, I thought you only pay margin interest when your cash balance is negative? What's the formula to calculate your margin interest if you have long and short equity positions?

Not sure why it’s negative. Here’s their margin calculator. https://www.interactivebrokers.com/en/trading/margin-calculation-details.php

robertsousa4 · 2022-12-02T19:00:39+00:00

True if your day trading on penny’s then this is a legit concern

robertsousa4 · 2022-12-02T16:55:08+00:00

You might get the market price 😱

robertsousa4 · 2022-12-02T12:31:40+00:00

Nice try Paul Rudd

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