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Selling Options on Futures?
Updated July 28, 2023
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Selling Options on Futures?
September 16th, 2013, 12:33 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
Raven
I didn't notice a change in my buying power. I noticed it when I was trying to place the exact same trade in both accounts.
Can you help answer these questions
Best Threads (Most Thanked)
September 16th, 2013, 12:41 PM
Huntsville AL/USA
Posts: 54 since May 2012
Thanks Given: 80
Thanks Received: 26
ron99
What page are you seeing these margins?
IRA :Initial Requirement $246.75 Initial Requirement $170.17
September 16th, 2013, 12:49 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
Same requirements for me for reg and IRA accounts. 170.17.
September 16th, 2013, 04:25 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
FWIW Normal seasonal tendencies are for ES, CL, KC, CT and grains to drop the last 2 weeks of Sep.Fed mtg on Wed will heavily influence it more this year than most years.
September 16th, 2013, 06:59 PM
Adelaide Australia
Posts: 15 since Apr 2013
Thanks Given: 83
Thanks Received: 10
Raven
I didn't notice a change in my buying power. I noticed it when I was trying to place the exact same trade in both accounts.
margin call like I just got for having too many CL contracts .
September 16th, 2013, 07:04 PM
Huntsville AL/USA
Posts: 54 since May 2012
Thanks Given: 80
Thanks Received: 26
turch
Looks like you are getting a "Futures Concentration "
margin call like I just got for having too many CL
contracts .
September 16th, 2013, 07:19 PM
Adelaide Australia
Posts: 15 since Apr 2013
Thanks Given: 83
Thanks Received: 10
Raven
You nailed it! A bunch of them expire tomorrow. Do I need to make a call or does it go away at some point?
OTM . I mean come on.They got $600 in commission out of me. Very frustrating. This happened last week, I'm still mad.
September 16th, 2013, 07:54 PM
Posts: 3,666 since Jul 2012
Thanks Given: 1,892
Thanks Received: 7,360
turch
Give them a call,but make sure you speak to the guy that wrote the "Futures Concentration" email, Robert Pandy, (wrote mine). After telling him my account was up 300% for the year with no losing trades mostly in CL, he told me, "oh you trade CL a bit?I did not check". Basically in their (OX) system, if a red light goes off,there are no questions asked. Initially I spoke with the guys on the futures desk both giving a standard you need to close out some positions answer. No help at all.My existing CL 's were due to expire in 7 days, well
OTM . I mean come on.They got $600 in commission out of me. Very frustrating. This happened last week, I'm still mad.
Anyway, hope this helps. Call them, to be sure.
September 16th, 2013, 08:01 PM
Adelaide Australia
Posts: 15 since Apr 2013
Thanks Given: 83
Thanks Received: 10
kevinkdog
Can you share the e-mail, if you can?
September 16th, 2013, 08:17 PM
Cleveland, OH
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785
I had one of those once after I had a margin call . But never without having a margin call first.
Last Updated on July 28, 2023
