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Any brokers that don't charge double margin for short options?


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  #1 (permalink)
USS Liberty
Pittsburgh PA
 
Posts: 37 since Jul 2018
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I opened an account with TradeStation, and as soon as I started trading short options on futures, my margin requirement was doubled. Does anyone know of any brokers that don't charge double margin for having short options?


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  #2 (permalink)
 
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 josh 
Georgia, US
 
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USS Liberty View Post
I opened an account with TradeStation, and as soon as I started trading short options on futures, my margin requirement was doubled. Does anyone know of any brokers that don't charge double margin for having short options?

Probably @decarleytrading .. but not 100% sure.


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  #3 (permalink)
 
decarleytrading's Avatar
 decarleytrading   is a Vendor
 
Posts: 33 since Mar 2013
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Hi, thanks for mentioning us. We would love to have you...we charge exchange minimum margin. So you are not upcharged, and you will receive portfolio margin (you won't be charged margin on both sides of a short strangle, etc.).

Here is some additional info: https://decarleytrading.com/commodity-brokerage-services/trade-futures/sell-commodity-options-with-decarley

Let me know if you have any questions.


*There is substantial risk of loss in trading futures and options.

If you have any questions about the products or services provided by DeCarleyTrading, please send me a Private Message or use the futures.io " Ask Me Anything" thread.
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  #4 (permalink)
USS Liberty
Pittsburgh PA
 
Posts: 37 since Jul 2018
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decarleytrading View Post
Hi, thanks for mentioning us. We would love to have you...we charge exchange minimum margin. So you are not upcharged, and you will receive portfolio margin (you won't be charged margin on both sides of a short strangle, etc.).

Here is some additional info: https://decarleytrading.com/commodity-brokerage-services/trade-futures/sell-commodity-options-with-decarley

Let me know if you have any questions.

If I transferred my Tradestation account to you, which clearing firm would you use for my account?


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  #5 (permalink)
 
decarleytrading's Avatar
 decarleytrading   is a Vendor
 
Posts: 33 since Mar 2013
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For option selling/trading accounts we clear all of our business via Gain Futures (a division of Stonex...previously FCStone).


*There is substantial risk of loss in trading futures and options.

If you have any questions about the products or services provided by DeCarleyTrading, please send me a Private Message or use the futures.io " Ask Me Anything" thread.
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  #6 (permalink)
USS Liberty
Pittsburgh PA
 
Posts: 37 since Jul 2018
Thanks Given: 8
Thanks Received: 7

Decarleytrading sent the request to transfer my Tradestation account on the 14th of October but everything in the account is still with Tradestation. Does anyone know if there is a legal maximum time limit for fulfilling a transfer request?


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