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No IRA-Acount on my side, so I don't know the restrictions and actually I think the margin numbers could be correct. I always check the required margin before writing my options and have not come to bigger problems with it. My account is in €, so some numbers are in € and some in $. I could try to match some options margin, if you want. As I'm doing statistics over all option trades (including the margin behavior depending on different market changes) the only time consuming thing is that it seems not to be possible to show the margin without calculating it via context of the position.
What i guessed.. way different from actual SPAN margins
On a side note, you told me this probably about 6 months ago - IB maybe cheaper with commissions but not worth it due to the difference in SPAN margins
I will download the SPAN files this weekend and check myself for practice.
I had a quick question for you regarding the recent volatility in the market. Have you noticed if the rate of decay for an option has stayed the same or slowed down? In the past it took between 30 to 45 days for an option to reach 50% of its value, have you still found this to be the case?
@rsm005, if you mean the spread, I closed three this past week at 40-47%. Duration held was less than ten days in each case but of course mkt. was particularly strong. Early stages for me, was conservative, delta of short put ranged from 5.3 to 6.0, and net delta of the spreads ranged from 1.0 to 2.1. My first post here, big thanks to Ron, you, Myrrdin, and many others for so many helpful posts.
