IBKR
Interactive Brokers Group Inc
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I once read somewhere that major brokers will deal with the issue of physical delivery on futures expirations, for a fee, but can't find it again. (self.investing)
Interactive Brokers closing account, won't let me deposit funds to avoid liquidation
I had my best trading day all year and in a very long time but have no one to talk to about it
Blackrock just added up to their $LUMN position
+8 million/2500% gain in 2 months, +20 million/5000% since April 2023
No reimbursement policy if hacked - IBKR Canada
Rates cut will send BETR to the moon (Better Home & Finance Holding Co)
If you want to day trade professionally, it's ABSOLUTELY CRITICAL that you trade with a professional platform that charges options fees.
Would you guys have handled it differently if you were in the same situation?
Would you guys have handled it differently if you were in the same situation? Sharing my investment experience with bad risk management strategy.
Worst brokerage platforms errors you have seen?
Worst brokerage platforms errors you have seen?
$COIN / Bitcoin ratio is stupid. Long BTC short $COIN
Just got approved for Options Trading on IBKR
USA: Options for automatically moving small amounts of excess funds from a bank into a money market mutual fund or similar? (is this "sweep"?)
Only 700 shares available for shorting on IBKR
A bullish case (w/DD) for Fisker FSR (SI: 41%)
Taking advantage of high lending rate and dividend yield
Lending out ABR and securing 15% annualized return
What’s the point of selling naked calls if you need to have the cost amount of shares regardless?
Interactive Brokers not filling orders, filling orders above limit price
HEAVY CAUTION!!! Closing a Short Put Option deep ITM...
Questions about bonds, mainly US treasuries
$LMND - Potential Gamma Squeeze
I want the same Column in Interactive Brokers to help my option game.
Price of Crude Oil vs Middle East death & injury tolls as reported by CNN
ITM put options expiring, but not enough cash in my account to purchase them
Last 35k left and looking for strategies to 10x in a short time
How is MooMoo? Recommendation for Canadian trading platforms.
CHEATSHEET: The Basics of Short Squeezes - A 3-min Read
Starting a fund partnerhip. How to go abiut it?
Must US brokers send an FYI about market orders to their clients who placed a market order in the past month by law?
is there a broker that allows automating weekly put writing?
Why does Fidelity have such terrible Treasury bond spreads and yields vs. market?
TD Ameritrade is beginning to charge users USD$50/month maintenance fees
Td Ameritrade to Schwab: how's order execution quality in Schwab?
Which free bond scanners(with ratings) are out there and which ones do you use?
Investing from Switzerland: IBKR vs Trading212 vs Degiro
Help finding spiked up/down stocks
Capital gains / Dividend tax on taxable MMF's for a foreign investor
Which online brokerages should I consider?
Can I get a count? DRS Price Hike: Would You Change Brokers?
How do American investors directly access foreign markets?
How are brokers like Lightspeed or Dash Prime for portfolio margin buying power?
Cost of options contracts:- AAPL / NVDA comparison
Mentions
Depending on your broker you can also attach a stoploss at the same time to your profit take order. You can do that on IBKR.
Everyone heads up make sure you are checking those borrowing fees of your broker for DJT. IBKR is charging 500% for shorting DJT.
Hey OP, amazing win. Congratulations, any advice on growing a 5k portfolio up to where you’re at? I’m on IBKR in Canada, doing ok but wondering how you do it!
If you have enough cash to ignore day trade limits I live on IBKR. The smart routing has gotten me fills that would make your entire bloodline cream
It is my first post here and I am sorry in advanced for any rookies stupidities in my post. I am in option "business" for a month, mostly leaps and few tries with 0dte spy calls, with no notable success. But... Couple of minutes before market close today, I bought 5 AAPL 190c with expiration date set for 05/03. I bought them for 0.11 each, which means I spent total of 55 USD plus some comission. Afterhours AAPL went 184 and my account value somehow went 99% up, mostly (i guess) due to increased value of the call option , which I cannot see how much it is worth now, because of the closed market (IBKR broker). My question is what should I expect tomorrow when market opens if AAPL stock stays where it is now? I guess that Theta and IV will have an heavy impact on the price, given the fact that the call option was way OTM.
If IBKR didn't have such a complicated ass data streaming pricing plan I would throw all my money at them. Some months I make a lot of moves, others I sit tight. Hate feeling like you *have* to act.
IBKR taking too long to approve my deposit...I'm going to miss the market open...
IBKR taking too long approving my deposit...market opens in 45 minutes...
This shit has a 65% margin requirement on IBKR, i can't even short it
IBKR has a number of different routing strategies, you might have to opt in on some . Smart routing is one of them. They have documentation on it on their site. I don't know the details of each by heart
I've been assigned two days ago on one leg of a bull put and got the stock, it was slightly less than my buying power. The other leg wasn't closed , I managed to squeeze out an extra 400$ on the sale of the stocks and I closed the other leg myself taking the profit when the underlying dived . Damage control. I'm on IBKR
IBKR is \~1% above the fed-funds rate and even lower if you have more capital. You can short box spreads and get even closer to the FFR.
you can get lower rate loans if you negotiate (or move funds to IBKR), sub 7% its still not good for long term investing at that rate though
My Story - Bought put on shit company SNAP After it jumped 30% and crossed 15$ it's now 16$ god knows Bought AMAZON AT 180 excellent results- not moving at all Bought IBKR AT 9 - started falling Bought OUST AT 9 - STARTED FALLING Bought SPY Put 500 - not touching 500 and JPow Meeting also gave shock Alresdy lost on NKLA not going now even to 1 What's wrong not a single trade moving to give any benefit Lesson - put money in HYSA Aand come back in June after SPY AT 480
+1 on limit order for profit. Do you know the details on how IBKR submits order for “total position”? is this order sent to the exchange or just stays on the broker & it keeps computing every so often.
IBKR will be fine for that but probably more pricey than other places
IBKR. I like the colored standard deviations on the Option Chain.
Any broker give you a good % of your profits from lending shares? It's a little late for this strategy now (would have been great two weeks ago) but DJT borrow interest rate is like 700%. It almost doesn't matter how bad the stock is at that rate. IBKR only gives 50% I believe, defeats a lot of the strategy if you have to give your broker that much. Not sure if other brokers are better
I mean the SIPC limit is $500k. By moving on at a $265k cost basis I’m ensuring my capital is safe, and so are some of the gains in case of a failure. While brokerages are not a bank in terms of the reasons you stated the risk of failure always exists. The goal isn’t to stay under the SIPC limit in terms of value but just capital. I’m thinking of Fidelity due to fractional shares which VG doesn’t have beyond its index funds. Could help big time with DCA. Schwab also has a limit in terms of only 500 companies. IBKR is too confusing, and also charges a commission I believe. My monthly budget is usually $5k but I do have around 5 larger buys a year. Recent example would be $10k into Meta at $426 vs $410 bottom after market trading. Largest buy was $35k into Google in 2023. I move on when the value in the brokerage hits $300k.
depends what's you're looking for, but ninjatrader is pretty cheap. IBKR if you wanna have API access and don't mind paying more. Both make you pay for data. Not sure if Schwab does.
Yes you can. Just use IBKR.
Correct, there are earlier deadlines for retail investors because their brokers need time to meet the deadline. IBKR, for example, has [a deadline of 5:25](https://www.interactivebrokers.com/en/trading/delivery-exercise-actions.php) in this context. I've updated my answer based on your feedback.
I am short the futures, but be be careful, as some poor guy was here last week complaining his broker exited this trade at a loss IBKR against his will
IBKR app on iPad. It’s definitely the most convenient, but I do like TWS for anything more than a simple transaction. Are you using their newer desktop? That feels similar to the app to me
TDA until Schwab took over and my trading account is not big enough. So I moved to Tasty Trade as I found IBKR UI hard to get used to. Im familiar with how the Tasty platform works because I watch the live show and the trading screens are shown so I wasn't as lost when I moved over
E*TRADE is my primary taxable account. Use it for paycheck and bill management been doing so since 2016 never had a problem with it. Direct deposit/debit work the exact same as bank account no intermediary. Decent (won’t say great because can’t do it for stock) dollar cost averaging for ETF’s/MF’s through their Automatic Investing Program. IBKR is hands down more powerful trading platform. You do however pay for that power. Also decent recurring investment tool but you pay for it even if you are on lite. DRIP did start allowing fractional share reinvestment but charges for DRIP. Best for international securities buying them on home market in UK, EU, SG, JP, CAN etc. dislike their cash management features but they don’t care about that because it’s not their focus, thus the debit cards getting cancelled. Have Fidelity for 401(k), HSA, and RSU from employer. Good but hate the interfaces and don’t feel like there is anything substantially better with them over E*TRADE to move my primary out of there. Have MS account for shits and giggles but after 2024 depending on Roth IRA Performance may roll it to IBKR where I have the rest of the Roth money.
Both IBKR and TDA/Schwab/ToS. Each one has different advantages, I mostly use IBKR for better estimation of options values and charting prices of options combos. TDA/Schwab is better in terms of GUI for analyzing option combos/positions, lower margin use (in PM accounts), and order execution.
you certainly can trade options in the uk... Tasty trade and IBKR both offer full feature accounts.
I have used IBKR in the past, and currently use TastyTrade. I have no complaints about either. IBKR's desktop platform may seem a bit overwhelming given the sheer volume of features, and a less than intuitive design. But when you get acquainted with how it all works, the sheer level of customization is incredible. I don't particularly like TasyTrade's software, or web app, but I literally only log in to place trades then log out. So it's not really an issue since I use external resources for my own research & analysis anyway. Whatever you decide, DON'T use a British or EU broker. Spread Betting on Options is nothing like the real thing. For the few that actually have REAL Options trading: -They rob you on transaction fees. -They can't calculate buying power properly, as their software doesn't understand the dynamics of Spreads (Any Short Options are treated as if they are Naked, no matter what). -(Regarding Spread Betting at least) The Bids are higher than the actual market, the Asks lower.
IBKR Mobile app shows 3 tickers on the London Stock Exchange- not sure if those are tradable. All 3 are 3x short nvda. Tickers are - 3SNV, 3SVP, 3SVE. I have no experience in any of the above - but will watch your journey on this if you care to share on a periodic basis. Not saying this is a bubble, but a typical sign of a bubble is everyone ridiculing the person who 'dares' to say something's wrong. Proceed with caution. GL.
I believe the OP said trading... Not investing.... Which means charts with good indicator selection... Multiple time frame selections, etc... For this purpose I would put the below as viable options: (In no particular order... I suggest trying each out and then pick one) - E-Trade (Power E-Trade.. especially for options) - Think or Swim - WeBull - Trade Station - IBKR - Tasty Trade (not so great for charts IMO) Or you use Trading View then order entry on your brokerage app.... but that's a pain in the arse... Especially if you are looking to get good entries during intra-day trading. Good luck.... Obviously trading on a mobile app is not the best option...but if need/want to... Then I would suggest trying at least a couple of the ones above.
All the brokers have flaws but IMHO Fidelity is #1 then IBKR #2.
You should start with a small amount in some simple app like Robinhood or Revolut. After you start understanding the basics, you can switch to a serious broker like IBKR or Fidelity
He says that, yet he still sells puts to enter trades. For example, he sold billions in cash secured puts to get into coke at $35 while it was trading at $40. The difference is, he can’t just sit on his IBKR platform and make an order. Him wheeling at that scale would involve negotiations and options pricing with a counter party..so it quickly becomes non viable Also keep in mind, the market isn’t liquid enough to handle billions in a wheel strategy…and he himself admits that it’s been harder and harder for him to generate higher returns at his size People with $250k accounts should realistically be aiming to beat those with multibillion accounts. This is seen in both private and public markets.
Vegas! IBKR has some nice introductory videos also, but they are a bit boring and dated.
IBKR, the adaptive order type basically means 8.5 or better but instead of something like a “limit/market if touched” order you leave it up to IBKRs algos, tbh its usually not that much better. To get my sale at 9.85 I canceled that adaptive order and waited until EXPO started running. The only time I find it helpful is when I’m in a rush and the bid/ask is moderately wide (eg pre earnings options). For very illiquid options where the bid might not even exist it usually gets confused and gives you a bad fill, for those I’d recommend setting the bid manually until you are filled. Those lines are just bbands and moving averages, one trick I learned is if your chart doesn’t show you quote midpoints and only trades (it will give you a choppy chart like most options) you can set a MA line with period 1 to follow the quote midpoint instead of trades, then you can see where the option price moves. Maybe that’s only an IBKR issue tho
$0.4/contract options comms, a few grand to move the money, asset based lending at sofr + 80 bips. $1k annual bonus for having an Amex platinum card, -1% off the lowest jumbo rate from rocket mortgage and a bunch of fee discounts if I ever want to get a mortgage instead of using their PAL. The big one for me is the commission and the lending rate, I was paying hundreds of thousands in commission at IBKR and they do not negotiate commissions and their highest tier is nearly impossible to hit volume wise. Schwab's commission is lower. I'm also housing hunting and I don't want to sell assets so being able to borrow at 6% is pretty nice, especially since the rate will drop once the fed starts cutting.
Non c’était pour dire que je me fais fumer. IBKR Europe c’est basé en Irlande donc tout à fait légale
Je suis passé de Degiro à Interactive Brokers (IBKR), je peux t’envoyer un lien de parrainage stv en MP ça peut nous rapporter du blé. Pour être honnête si j’étais toi je resterais en action, j’ai tellement perdu de blé depuis que je suis passé chez IBKR c’est illégale
That's not my experience on IBKR paper trading. They only fill when the data feed has real orders for said price.
Hi everyone! Started investing a few years ago following advice from Motley Fool. However I'm way under on most stocks and a lot of money (for me). Please check my holding and P&L at IBKR on screenshot below. Is there anything you can recommend? Should I hold and pray for things to improve? Screenshot of portfolio below: [https://ibb.co/ZYf0gHf](https://ibb.co/ZYf0gHf) Thanks in advance!
Congratulations man. I thought your main broker was IBKR.
Hello, I have been trying to choose a platform to invest in stocks for long-term (10+ years) and came down to 2 choices: Revolut, because they have 1 comission-free trade (and thats definetely enough for me), but a lower reputation (from my knowledge). Therefore I'm a bit scared if they change the fees one day. IBKR, for good reputation, better tools, but existing comission. Whats your take on this? I enjoy saving every penny, but it is not a problem to pay a bit more if its worth it.
I'm on IBKR, it allows for it yes. On the legs and on the total position. The only alternative is to babysit it . But You should be able to lay in a GTC limit order profit taker.
I’m using IBKR although through a Dutch partner called Lynx (three party contract) which in practise is the same as IBKR, my account is held by IBKR and the app is the same, etc; just with an additional dutch helpdesk & support by Lynx. And that works pretty good for me. Only downside is that you cannot directly invest in crypto, but US options work fine.
IBKR is 0.35$ per trade for me, in Hong Kong.
I dont think IBKR allows me to do that, can only use margin cash to spend on the casino.
Fidelity & IBKR. Someone below with Fidelity couldn't either.
If you just want to trade stocks, preferably german ones, have a look at ING or flatex as broker and use IBKR for higher invesment sums, more special / international stuff Grüße aus Össiland
Obligatory, I don’t know what I’m talking about do your own research et cetera. But, if you are a “US Person” based on the IRS criteria, then you should be very cautious about buying any non-US domiciled ETFs or anything that could be considered a “Passive foreign investment company” or PFIC. While completely legal to own, they are taxed completely differently and at a much higher rate. The forms are very complicated too. This was introduced to prevent US citizens from hiding wealth abroad away from the IRS, but like so many rules, it has had huge unintended consequences. I think there are US-domiciled ETFs that provide the exposure you want. The expense ratios tend to be a bit higher. You could also directly buy EUR-denominated debt. You can do this with IBKR pretty easily, and commissions are not too expense. However, if your timeline is 10-20 years, you’re probably better just buying VEA, getting exposure to Europe that way, and then selling for EUR when you move back. That’s a really long time frame. Holding bonds probably not going to be a good move, but what do I know?
Look i know i’m a regard on copium but what the hell HAPPENED to CMG? Last night when i went to sleep it sat at 3020 and now IBKR shows it at 2920?
You could maybe consider other EU-based brokers, such as Degiro, IBKR, Trade Republic… but keep in mind you’ll probably have to include the info your taxes as they won’t automatically do it.
I totally understand. I just need to give it more of an effort. I also have an IBKR account. I love the amount of options there, but also have a tough time getting around that one on PC. Strange to me that the app for IBKR is much easier than the PC.
You can even put £100. Just open a cash account. Initially I used TastyTrade for options then I moved Interactive broker(IBKR) as it's faster to make transfer and it's very popular in uk. For my ISA account I use my interactive broker account (IBKR) and you can open a normal cash account for options. Do your own research of course, but trust me they are much better than those trashy app, I wish someone told me before. (IBKR) is very well established here in uk, ask anyone in finance, they are also listed in the stock exchange. If you want a referral , let me know at least we both make money (I hope) lol. P. S don't gamble all your money on options, try it with £100.
Open an account with IBKR, convert GBP to USD, apply to trade options and away you go!
I’m not working there though. Say I buy WALMEX in my IBKR account, shouldn’t mess with any visa processes. Right?
About PGSS, I got the following notification from IBKR: PGSS@NYSE (Name: PEGASUS DIGITAL MOBILITY A-A) announced an issue change of 1 : 1, effective 20240425. CUSIP: G69768102 New Symbol: @ New Identifier: : I'm confused. A ticker change is scheduled for tomorrow, although the new symbol has not been determined yet? And although the merger has been approved, there doesn't seem to be any press release yet, so isn't it odd that they already announce the ticker change?
I use IBKR, it’s usually a dollar buying and dollar selling at the most as fees. Factor it into my 20%
When did IBKR overnight prices on spy update real time to reflect futures. Just noticed
Well you should play only if you assume you dont have a disadvantage. You cant be luckier than anyone else, so you have to assume that were you to win, it would be due to an advantage. I know what you're saying, in average we're all losing. But that's an average: how to be the ones averaging up rather than those averaging down ? I suggest it would be by cutting losses fast, pocketing wins fast, and doing it regularly. I pay no capital gain tax, fees are 0.35$ per trade (Hong Kong, IBKR) and I do pay dividend witholding tax, so that may also explain why for me quick buying and selling multiple small momentum sounds way better than doing extremely large lottery style option play. OFC a safe ETF, or better, a term deposit, is where you should put your real money. Is anyone here using real money they need ?
I've used both IBKR and Fidelity for Options trading. As a new trader I would go with Fidelity. The platform is easy and intuitive, while IBKR can be more difficult to learn.
I use IBKR. My limit orders don't get filled with after hours trading turned on despite the price being higher than my limit buy price
IBKR is great for all around trading (both investing and short term), but my day trading platform is Centerpoint.
IBKR uses PFOF. I haven't seen them execute any better.
imo, IBKR desktop experience is in TWS trading platform, not their desktop trading via website. If you are a buy and hold investor on IBKR, you can choose IBKR Lite instead of IBKR Pro and then there are no data and commission fees if i'm not wrong. On IBKR Pro, they charge $14 a month I think, but it's waived after churning a small amount of volume. Nobody beats IBKR in cost and execution. They provide better fills with the cheapest commissions. Free commissions aren't really free. Assets are bought, marked up in price, then sold back to you more expensive. IBKR only takes PFOF on IBKR Lite, in order to cater to buy and hold investors and compensate for eliminating commissions and data fees. Not to mention, if you're an active trader with high volume, the commissions you pay to IBKR are significant cost savings than using other brokerage firms that rely on PFOF that make it appear commissions are free.
IBKR trading desktop is worse than ATP. That said, IBKR bond trading is top tier and Fidelity could learn a thing or two from them. Also for buy and hold type investors, IBKR has terrible data fees.
Is there a reason you use ATP over IBKR?
i was cash gang for the last few months. today i forgot how to use IBKR. Also forgot what my strategy was. or if i even had one.
Why would IBKR exercise any option without you giving them an order to do so? The only reason might be because your account could not support an assignment and you did not manage in a timely manner. As u/Arcite1 explains so well, you are paid for the short shares and so your account should not be in such a position.
They sell your usage data, that's how companies know to make the ads more specialized Eg. You regularly talk about say, options in WhatsApp. META sells those data to big ads brokers, who sell ad packages to companies that want to hit those specific demographics. That's why people kept getting ads from IBKR, WeBull, etc even if they don't have brokerage apps downloaded onto their phone. The whole "you can't be identified through the data they sell" is just legal terms grey area horse shit since the data is associated to a phone's MAC, which is unique.
>Will IBKR exercise my long call to cover for the short shares? I would lose a lot of extrinsic value if this happened. Probably not. The only brokerage I have heard of doing that is Robinhood. As you say, the long leg would probably still have extrinsic value, so it would be better to sell it, and, if you wanted to exit the entire position at that time, buy to cover the short shares. > Should I buy back 100 shares for 50.5k in order to keep the long call? What If I don't have 50.5k? You do have $50.5k. You would get $50.5k for getting assigned on the short 505c and selling the shares short.
If I buy a SPY 475C expiring in 1 year for about $5,000 and I sell a 505C against it, what would happen if I got assigned? I would be -100 shares. Will IBKR exercise my long call to cover for the short shares? I would lose a lot of extrinsic value if this happened. Should I buy back 100 shares for 50.5k in order to keep the long call? What If I don't have 50.5k?
You can trade SPX, which isn't closed like SPY, on a broker that supports SPX.... like one of the many, many brokers... Etrade, Tasty, IBKR, Tradier, ToS, and many more.
IBKR lets you invest many places, but you can’t buy ROC stocks to my knowledge. Very cheap forex too.
Another advantage of Fidelity for SPX is they allow you to trade part of the pre market/overnight session in SPX options (I think at 6am ct). Not as good as IBKR which allows access to the entire overnight session, but better than most other brokers.
Yeah, it's very strange. I shorted about 4k uvxy, 4k vxx, 1k uvxy calls (ITM). I have about 100k in stocks and 50k in cash... and another bunch of put option shorting (together udnerlying < 20k).. the reason they cite is: This alert is to inform you that due to a recall IBKR is unable meet your settlement delivery obligations for the short stock position(s) listed below for account U\*\*\*\*. As current SEC regulations require that all transactions be settled on the standard settlement date, these short stock positions have been bought-in. While IBKR tries to give advanced notice of a possible buy-in, due to the time frame of this fail, in this instance we were unable to do so. The positions listed below have been bought-in:
Why would they close your position? I do not understand the premise at all. What is your excess liqudity (exLiq) and maintenance margin (MntMgn) at? I have never had IBKR close any of my positions, I have many short positions.
what you looking for? what you trade? options? futures? webull is alright for most situation. else IBKR.
I use IBKR and live in Dubai . If you need more info DM me.
* I don’t feel like revealing my age here, but my Reddit account is twice as old as yours. * Most of the data to support my opinion comes from the Robinhood website. Their prices are lower than the competition’s and their bonuses are greater. * The data that shows Robinhood has better execution than IBKR is in this study: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4189239 * I’m a fan of the original TD Ameritrade (especially Thinkorswim.) They had the best execution in the study above. Schwab, Tastytrade, and Robinhood are its spiritual successors. https://www.cnbc.com/2019/11/25/charles-schwab-to-buy-td-ameritrade-in-a-26-billion-all-stock-deal.html https://en.m.wikipedia.org/wiki/Tom_Sosnoff https://riabiz.com/a/2022/1/6/robinhood-gets-brilliant-upper-manager-and-a-spare-ceo-by-nabbing-td-ameritrades-ex-thinkorswim-top-exec-hopefully-to-throw-a-lifesaver-to-robinhoods-sinking-stock
It depends on the quantity of contracts. IBKR uses variable-price commissions. You can also negotiate with brokerages if you have $1 million+.
Why dont you look at Tradezella? If I am not mistaken they are available for IBKR.
What is the option assignment price? Like is it the closing price or post-market closing price? I have searched COBE but no answer. I sold 2 April-19 TSLA 147 put, the closing price is 147.05, the post-market closing price is 146.90, but I got assigned in Saturday by IBKR. So I was wonder which price do they use? or is it different broker by broker?
Hello [Kenan374](/user/Kenan374/), I trade this strategy since 1/22/2024. I only trade this strategy (portfolio margin account at IBKR Ireland with only cash \[EUR\] as collateral) with these adjustments. * XSP as underlying * use also weekly expirations and not only the monthly ones to open new trades with about 45 DTE * adjust trades only once a day * use 30% profit target (thanks for the idea in the [SPX 12 Delta Srangle - Day in the life Example](https://www.reddit.com/r/options/comments/124wb3v/spx_12_delta_srangle_day_in_the_life_example/?sort=new) thread) * open new trade after the old trade was closed so I don't open new trades on specific days in the week * each new position should have a different expiration date than the existing positions if possible (depends on the available strikes of the expirations) * buy one about 1 delta long put for each short put in a strangle to keep the buying power usage in check and have a black swan hedge * these long puts will be bought together with the sold strangle and will stay after the related strangle was closed * I check the IBKR Risk Navigator regularly to check the worst case draw down of the account and the goal is to keep the worst draw down to less or equal of the account cash balance * but this would only occur in a overnight gap due to a catastrophic event which would not give me enough time to react or if I would not be able to trade for several days/weeks How are my experiences with this strategy until now. * I liquidated all options positions (wheel strategy) late January 2024 and started to trade this as only strategy * my account value (only cash) was about 49,500 EUR at this time * today (4/20/2024) it is 49.119 EUR * all time high was about 50.554 EUR on 4/11/2024 * all time low was 48.718 EUR on 2/22/2024 * I had up to 8 strangles open (4 positions with 2 strangles per position) at the same time * I'm migrating to 3 positions with 3 strangles per position and a different expiration date per position * XSP is not ideal because the weekly expirations have wide strikes (e.g. 500, 505, 510, ...) sometimes which makes it difficult to get the needed deltas * the NLV swings are OK * buying power / margin usage growth is not to big yet and it is still slightly below 50%
Aha! You’re right there’s a U.K. subsidiary. But my thinking is that since no UK person knows what an F share is (ADR, GDR, Crest all ok. But not F) that the mistake was by a clerk in NY. And hey, I’m a retired NY lawyer. Costs me nothing to sue and get discovery whereas in UK I risk costs. But since writing I’ve sent an email to the special HMRC office dealing with ISA mistakes. If they accept my facts they can order IBUK to treat the greyed-out stocks as still in the ISA and send them over to HL. As a lawyer I don’t rely on one remedy I use them all. I know the SEC. I was lawyer for 50 victims of the Lloyd’s of London scam. (Google Lloyd’s Database). It will cost IBKR executive time they’ll never get back. And maybe a customer or two. HMRC will not be amused that they lied about HMRC.
Oh so you point to an input file with the (OPRA?) option codes, and then the script gets and saves the historical trade data to a file named after the symbol? The least obvious part might be the inputs/outputs for reqHistoricalData and the Option constructor (I don't know how good the IBKR docs are)
I’m a NY lawyer, as I said. And I worked on Wall Street. Never experienced a broker that wouldn’t respond seriously to a genuine complaint, especially one that wouldn’t cost them money: and then lie and say (1) it’s our fault that they didn’t follow their published rules & (2) HMRC made them go it — despite fact that HMRC’s ISA page gives contact info to get consent to reverse such errors without tax consequences. Look, I just posted this in case anyone had further ideas. BDT’s shareholder relations people will be back to me. Ombudsman will be back to me about admissibility. HL probably will give me documentation that they sent the stocks as BDT (or maybe just with firm’s name). Of course I’ll write to HMRC. If I remain convinced that IBKR’s US staff put in the OTC ticker I’ll complain to the SEC. All of this will take up IBKR executive time. As for me I’m 82 and have nothing else to do but this and care for 10yo grandson. The issue is IBKR’s ghosting us. And I’ve been wondering how to value loss of ISA status on the stocks. FWIW I have no complaints about IBUK’s trading (margin) account. They’re cheap, they deal in many countries, many exchanges. But the reason they’re cheap is they don’t provide service and don’t deal with complaints. A hedge fund manager I asked advice from said he’s dropping them. Everybody I know in the USA prefers to deal with Fidelity. My daughter has an a/c & a Roth with Fidelity. They’re great. But she has to deal with 1040NR and multiple attachments, then coordinate that with the U.K. tax year and SA106. It gets messy and I have to do it. When I’m gone she’ll pay a fortune to tax preparers. Despite earning low income.
So this is why I got several notifications from IBKR that analysts had changed their view of AMD from "hold" to "outperform".
No. I agreed per their rules they could have HL sell anything they don’t trade. They did have HL sell 2 Swiss stocks they *DO* trade. Never mind. It they didn’t have HL sell one U.K. stock they don’t trade. At worst I’ll let that be transferred to my HL trading account. But to switch tickers from BDT.TO to a ticker unknown in the U.K. and usable only for convenience by Americans to pay in US$? Hey, I’m a NY lawyer and my daughter is a British barrister. We know how to read fine print. What we couldn’t imagine is that the wrong stocks would be sold and that BDT which every broker trades like that would have its ticker switched bizarrely. Bird’s shareholder relations office is flummoxed but will try to help. In short: HL bought and later transferred 760 sh of BDT and IBUK recorded it for no plausible reason as BIRDF and blames us. FWIW I was an intern at an OTC house in NYC back in the day. I know how the Pink Sheets (they really were mimeographed overnight on pink paper then) work. I was hoping for useful ideas. I’ll know next week if the Ombudsman will take the case on. After asking around I’ve learned ours isn’t the only IBKR horror story. They just don’t want to fix things. They wouldn’t even sell or deliver “BIRDF”. They admit nothing but blame the victim. Guess you can’t help, more’s the pity. IBKR have no right to take a Canadian stock and attach a French (there is one) or an American ticker to it. I refused to sign an arbitration agreement. So now I’m ghosted. Perhaps they’ll ignore the Ombudsman? HL told me that the other uninvolved shares and fund will be in their hands on the 25th. HL is also digging up the transfer documentation to go with the contract note.
That’s unhelpful. US OTC tickers for TSX stocks aren’t used outside the US. Why would anyone pay the higher bid-ask spread and the double forex commission. No the stock was bought as BDF on the TSX and I have the contract note/confirmation of that. Interactive Brokers is a highly reputable firm normally. But they switched tickets (a clerk’s mistake) and now try to blame me. Or the originating broker — who will have documentation. IBRK’s rules are quite strict: and ISA transfer will have the sending broker sell any stocks not traded by IBUK. What they made HL sell was 2 Swiss stocks that IBUK *DO* trade. And of course they trade BDT. Maybe with all the documentation out there — and given that I UK is blaming HMRC but HMRC’s rules allow brokers to correct ISA mistakes at no tax loss to the customer — the Ombudsman can help. But the Ombudsman has no enforcement power only moral suasion. Does IBKR much less IBUK their U.K. subsidiary have any morals to persuade?