My understanding of the rule is that you can't sell the security that triggered the margin call to meet the margin call, but there's no prohibition on selling other securities to do so.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Newbie Options Trading
- Thread starter Jonathan Hewitt
- Start date
-
- Tags
- investing options TSLA tsla stock
borat99
Member
Hmmm I don't have it. Just sent an email to client services.
EDIT: I have it on my iPad. Must be a feature parity thing.
InTheShadows
Active Member
borat99
Member
That's what I use but I'm on Android and just confirmed with Client Services that the Android version didn't have this feature yet. I either have to do it on an iPad or the full blown thinkorswim client because the website is just difficult to use.
Thanks for posting your screenshot by the way.
pz1975
Active Member
Quick question for you options experts: I have CSIQ Jan16 37 calls and I sold the equivalent # of weekly 37 calls for this week, which of course are way in the red. I am not sure how to 'roll them forward' as has been discussed here. Do I sell the same number of calls for 1-4 weeks from now to try to get some of the money back, or a greater number of calls? What strike price? 37 seems like a waste since I doubt it will correct that much, but if I sell a higher strike price (like 45), then the cost to buy them back will be much greater than my gains on the LEAPS if it keeps going up.
Given the drain on your capital or margin, exercising at $0.01 in the money is not necessarily a good idea. However most brokers will automatically exercise in-the-money options, even just for one cent. So you have to explicitly tell your broker NOT to exercise in this case. I believe this can be done after market close on Friday for monthly options, but I'm not at all sure about weekly.
Hello Experts,
I need an advice, right now I am holding Mar'14 $150 calls, is it good to hold it further or do you think its better to realize the profits and buy Mar'14 $180 calls? Right now if I sell 1 $150 calls I can buy 2 $180 calls. Please advice. I really appreciate your valuable time.
I need an advice, right now I am holding Mar'14 $150 calls, is it good to hold it further or do you think its better to realize the profits and buy Mar'14 $180 calls? Right now if I sell 1 $150 calls I can buy 2 $180 calls. Please advice. I really appreciate your valuable time.
If you're bullish, yes, I'd do the swap. You can get more leverage with 2 $180s than with 1 $150, i.e. for every $1 that TSLA goes up, your profits will be higher by holding the $180s. Or even buy 4 $200s, and pocket some of the profit.
or if you're a little less bullish, roll them up in equal contracts and pocket the profit - leaving you cash to recover if needed. But in general I would agree with rolling them up before ER
InTheShadows
Active Member
How would that effect your leverage? You would have a little less leverage initially but what about if the underlying moves up, would your leverage "catch up"? How quickly?
You're doubling the position (shares) for the same $s, so as the TSLA rises to bring intrinsic value to the $180 strike your position will track a much higher share position.
Note that even now the Delta track for $180 strike (.53) is higher than half the $150 strike (.83). So even currently you'll be at a higher leveraged tracking per $ invested
Also note current 'time value' peaks for the $180 strike in the option chain strikes (about 14.63 vs 3.68 for $150 strike), so if TSLA moves up quickly, you'll capture that difference holding a $180 strike investment (providing even more leverage);
Last edited:
I use StreetSmart Edge from Schwab- excellent tool - highly configurable; Both OSX and Windows
Thanks a lot for the help, today i sold Mar' $150 calls and bought 2 mar' $180 calls n on top of that saved another $300. Really appreciate everyones help.
Hi Callnaveen, I'm a total newbie when it comes to options, but I recently learned how to "roll" options. This way you only pay commission for 1 trade whereas if you sell and then buy (as I take it you did on this trade), then you have to pay for 2 commissions. I might be wrong in your case though and anyone more experienced feel free to correct me.
Last edited:
Mario Kadastik
Active Member
Must be a Google issue. One, it's hard to believe Ameritrade would be that screwed up at what's their main business purposeMost likely one of them has an API sync issue
. Two, if I "refresh" the Google page it comes up with the $176 price, then drops again to $174-ish on the next auto-refresh a few seconds later. Weird...Similar threads
- Locked
