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Sold a /ES 2-1 strategy June -1 1875 and +2 1475 for $4.55 credit. It seems that due to the higher IV the room between the long puts and short puts are wider even though it's 5 and 1.5 delta. Was wondering will this affect how the strategy might play out?
Can you help answer these questions from other members on NexusFi?
That is just my question: I thought I was margin compliant - very same positions and cash in other brokers account is unchanged. Broker claims SPAN without further markup-
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
@Forex37 you are compliant when your account value is greater than the margin requirement. I suspect that on the SPX lows, when vol was at its highest, that the value of your account dropped so much, that you were no longer compliant, and hence they liquidated you. While margin calculations are only done (normally) once per day, account value, is a real time calculation.
Does this firm have a clause where they automatically liquidate your position if you go on call intraday?
Also there were some wild swings in ES Monday night. Trade date Feb 6. The computer might have had your position on call because it was hard to know an fair price.
I would never ever trade at a place that does that. IB is one example.
Although they are my competitors I give them TONS of credit for putting the VX margins at 500% months before this decline happend.
This was one signal that something might happen.
Matt Z
Optimus Futures
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@ron99 Sorry if this has been asked before - What is the maximum percentage of your account you're willing to risk on a single market at any given time? I'm seeking a balance between undertrading and overtrading.