Do you need enough capital to buy the lot if you are selling calls? I am level 3 (highest level), but TDA won’t let me sell options if I don’t have enough capital held free..

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Posting as :
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Well someone needs to have the capital...

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There will always be margin requirements. You can’t just sell 10,000 call options on TSLA and not have money to be able to cover it if it moves against you

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they won’t let you go naked?

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Going naked means you don’t have the underlying. It doesn’t mean you can fly without putting up margin.

OP’s issue is they probably don’t have enough settled cash in the account to meet the margin requirement. They need to adjust the trade to right size the risk or increase cash in the account.

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Check your broker’s margin rules. They often require 20-25% cash margin to sell options. On a volatile stock they nah require more or not let you trade it at all.

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Thanks all - makes sense. All I had was the Margin cause the cash was all in different stocks and I was looking at selling a large number of mara/riot options so make sense that I didn’t have enough margin to cover.

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Can't believe this exists. Dope. How long have you been trading for?

Anyone else seeing the run old gold and hype around it similar to the bitcoin hype at its peak?

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Anyone have any area recommendations for buying a house in Houston but have regular commutes downtown? 300k max but would like a house (not a townhome/apartment).

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Ok people!! Go get your tickets! If you win because of this reminder the price tag is $10 million ONLY! 😎

Happy gambling!! 😊

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Looking to move away from Robinhood. Any other brokers that make cash available immediately after a sale? I believe Fidelity has a settlement period before the cash is available again.

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I have 120k Amex points, what is the best possible conversion rate that I can get? Plain cash back is really bad, I am thinking of transferring to some partner airlines. Thoughts?

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I made $88k in 2018 and $100k in 2019. Haven’t filed 2019 tax returns yet. For the stimulus check I’ll get, will I have to pay any of it back when I file my 2019 tax returns?

likehelpful

Let’s do this today…just for fun

List of credit cards I have and their limits
Hsbc platinum: 1.80L
Hdfc Millenia: 4.80L
SBI lifestyle:2.25L
SBI FBb style up: 75,000
RBL paisabazaar duet: 1.87L
ICIC rubyix Visa card: 12.20L

You guys can share the same if you would like to

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What happens to your 401k when you quit ?

Dear Fishers Does it make sense to have a higher basic salary to get more contribution towards your PF and gratuity than opting for a higher Flexible benefit plan?

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Looking to leave Hilton honors. Which is the best alternative with a good spread of property?

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What price did you buy your bitcoin/litecoin/ethereum at? Have you sold any?

I have some extra money coming in. My plan is to put it to savings rather than dial up retirement investment given the economic outlook. That makes sense, right?

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Anyone have a good tax person in Philly

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Trying to understand the loan closing costs. Does 1.5 k lender fees plus 3-5k third party costs (for eg: title) sound reasonable?

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Anyone investing in AACQ? First carbon materials negative company

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Go big or go home. Mega funds only.

likefunny

Partners: anyone approaching retirement or close to it? Based on your pension/retirement scheme, how much gross $$ do you expect to get in Year 1 of your retirement from your pension plan?

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For current GSAPers - was the maximum amount allowed with Federal loans enough to see you through your MBA? The living expenses estimate looks sorta low to me

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Recently graduated from MSU with a degree in finance and I’m currently working in an insurance based role as an account rep. I’ve been here I feel like I’m wasting my potential working in this industry and I feel I would I better value my position if I was using my degree in a related industry. Any advice?!
Recently I looked at a couple consulting positions at that seem interesting to me

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Dreading Thanksgiving. I love my family but I’ve lost 30 lbs since I last saw them due to cancer and haven’t told them. I know they are going to congratulate me for “losing weight” and compare my cousins to me to encourage them to do the same. How do I handle this?

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Anyone know range for signing bonuses for AWS roles level 6 and 7?

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Who deserves to know what design is doing?

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Hello Fish,

Please disclose your CTC per annum along with total years of experience and domain of work.

I want to get an idea.

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Would you rather spend your savings on a graduate degree or a down payment for a home?

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Anyone from Toshiba here. Need a referral

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Been in FDD for 2 years and spent 2 years in audit at a separate firm previously. What would be the pros and cons of leaving for F500 Corp Dev role at the Senior Analyst level?

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Hey Guys,

Confused between Walmart & MasterCard.

Which one should i go with for Data Engineering role?

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If I am interning at PwC as a DAT intern. How can I switch lines and get into tech consulting for a full time job?

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I’m looking at an opportunity at Crowe. What is the environment, culture, people and work life balance like at Crowe in Bay Area location? How is the firm Perk and Benefits?

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Hello Folks - I am currently on a closed work permit and in canada under ICT

Q - Does promotion or pay raise affects my work permit? Do I have to a apply for new work permit. my NOC will not change after promotion

Anybody has experience in these matters?

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Hi fishes 🦈🐠🐟 from IBM 😄 I have an offer in IBM in Kolkata Location and will be joining in May. Tech- Microsoft Dynamics 365. I have 2 questions:
1) Is anyone working in a D365 project in IBM here?If yes then can u tell me if its an indian or an onsite project?
2) Since IBM has started calling everyone back to office.All of the IBM ers reading this thread, have you been called as well? And can we get wfh if manager allows, provided IBM 's flexiblility with wfh?
A response is appreciated :)

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New here. Is there anyone from Cincinnati on this thing?

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Anyone have any feedback on working for Sun Life?

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Consulting or industry?

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Any tips on transitioning from cyber consulting to privacy program management?

Any thoughts or experiences on this? Any courses or certifications you’d recommend? 1YOE in general cyber consulting.

Thanks!

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Additional Posts in Option Traders & Investing

I’m guessing the markets are all red today because the 5/10 Thread wasn’t pinned? 🤣

funny

$ELY what’s your thought? Currently have just over 150 shares and a couple options open. Looks like a real long term gem. Anyone else in?

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There seems to be this consensus that there will be a market correction in the next 6 months. While I don’t doubt that the market is overvalued, I’m also expecting the vaccine rollout to accelerate and the Biden stimulus plan. So macro wise, seems like the market should continue to go up in the short term. Why do you think otherwise?

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Thoughts on paysafe potential growth ?

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Newbie here …, would like some advice pls

I have a rollover IRA (from old company) that has approx 150k in it.

I’m reading about the mega back door, does this mean I can convert all of that to a Roth IRA?

It sounds too good to be true? What am I missing here ?

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LCA holding a special meeting on 12/18 with shareholders to approved the proposed merger with Golden Nugget

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12/30 Thread (BC):

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One of the reasons I’m still long volatility. Short vol positions just hit another record high with max divergence which has turned into a vol spike at all of these points.

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📉📈📉📈📉📈📉 live look at anything im holding today #Stonks

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Thoughts on Ken Griffin?

Self-made genius or Schmuck

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💥 FUTURES ARE GREENER THAN THE GRASS ON THE OTHER SIDE 💥

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Since Nasdaq has recovered all losses YTD which tech stocks are still available at discount. Looking for 10-20% upside in 6 months. Or tech is in overbought zone and will cool off from here

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Can someone explain calendar spreads to me? I understand the basics but what are the cons involved in it. I will really appreciate some explanation on these. TIA

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Newbie here: which is better, coinbase or binance? Leaning towards binance because of less fees

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I posted a trade on ual yesterday and then sp went up a bit. I wonder if this is why. Maybe someone bet a deal on bonds would fall through for united while the market rallied in hopes of a deal?

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snap and pinterest both beat earnings and revenues but Pinterest stock declined, likely because they said increased users means increased costs. Is that not true for SNAP as well? Why didn't SNAP drop

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Happy new year and hoping all of us find something like PTGEF this year.

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10/12 Thread (General):

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