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On Jan 22 i put on EWK3K8 P(-2)2230 and EWK3K8 P(+3)1940 x10 IM. Since I have never experience the drop we realised recently I notice at the very bottom the premium on my position was 2.5 times the maintance margin(MM) requirment. Maybe some one can explain how that is possible please? I thought the idea was to get out before losses mount.
- I have a ES spread position open at Zaners, an they increased the margin to 100%. Maybe your margin was also increased.
- also by close of the market yesterday it calmed down. Maybe they only calculate a possible margin call b end of the day.
I would say: it depends on your broker. IF you have a contact person I would ask directly.
I have a EW3J8 P2250(2)/P2000(3) open at Zaners with 4xIM and it was quite under pressure, but with still some room left.
(Since this account is at Zaners in the US, I will not be able to increase cash there in a short time.)
Do you know when the Margin call calculation is done? On a continous basis, or by the end of the day?
Yesterday I noticed at Zaner the price of the spread went up and down quickly at times, wide differences from one second to the next.
If you overstep your margin for a short time only, will you get a margin call already?
Thanks. I was not aware of it that works. I send it directly to the US previously.
My main account with IB, but they refuse to send money to another broker, it seems.
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The exchange calculates margins once a day, using settlement prices, although there have been very rare days in the past where they did have intra-day margin calls (to the FCMs) as well.
It gets tricky as exchange margins, are minimum margins, and as such brokers can increase them at will. Not only do IB have higher than minimum margins, but I believe they also calculate them real time. So not only will they not allow you to enter positions if you don't have enough margin, but they will also auto-liquidate you intra-day. Hence policies on this vary FCM to FCM.
