IBKR

Focux

That’s me, IBKR is my savings account.

Grey-62

Thanks, that's very useful. I was using regular SMART for my IBKR tests, not Maximize Fill, so I'll repeat the same side-by-side test with Maximize Fill. Your point about exchange fee/rebate economics is especially interesting. My E\*TRADE fills during these tests were actually spread across XCBO, AMXO and XMIO, so the ability of the router to find the right complex venue may be an important part of what I'm seeing.

Ken385

Yes, Maximize fill is the one you want for the for best fill prices. IBKR will pass on exchange rebates/costs. There are 18 different options exchanges, and they all have different rebate models. If your order is sent to an exchange that gives you a large rebate, your fill may not be as good as if your order is sent to one that doesn't, as there are extra costs for the other side. And yes I do find there is a difference if fills. I don't use IBKR, but with my broker, I will generally send a spread order to the CBOE first for a 1 lot (no rebate) and then once I am filled I will send to other exchanges that offer big rebates to see if I am filled at the same price. Sometimes I will and sometimes I wont. But the exchange your order is sent will matter. With IBKR they charge extra for direct routing, so you need to depend on their smart router.

Grey-62

Thanks - this is very close to what I have been trying to understand. One interesting detail from my testing is that the E\*TRADE fills were not concentrated on a single venue. Similar rolls were filled on XCBO, AMXO and XMIO. IBKR support also told me that their SMART algorithm decides whether a combo is sent natively to an exchange or held internally and potentially legged. I'm currently trying to determine how my specific unfilled IBKR combos were handled. So I agree that the key question may be how broadly the broker exposes a native complex order to complex books/auctions rather than simply which broker has a “better price.”

Grey-62

Thanks, this is helpful. I was using IBKR Pro with SMART routing. When you say “set the smart router to best fill,” do you mean the **SMART Maximize Fill** routing strategy? If so, have you found that it makes a noticeable difference specifically for 2-leg option combos/rolls?

Grey-62

On IBKR Pro I was using SMART routing, not direct routing.

ash-t-1

i've mentally compared IBKR & Etrade rolls, etc, and they are about the same. curious which asset are you looking at. is it PFOF or DMA level on IBKR?

Ken385

Here's a suggestion if you are comparing fills. On IBKR (pro) , set the smart router to best fill. There are a few different settings here, such as max rebate, which may not give the best fill.. For the Schwab using TOS, direct the order to the CBOE. This may improve fills at these brokers for your next test.

2fingers

I don't know about IBKR and TradeStation, but I would think you should get the same results from Schwab. Schwab routes complex orders to 5 different market makers and some of the MM's like complex orders more than others. You'd need to do a good few iterations to make sure each MM gets a chance at the order, or if you're using their websocket streaming you can see exactly which market maker each order goes to.

Rnb42069

IBKR

demi9od

Really? What a joke. I stopped using them because fills are better on Fidelity and IBKR, and they pay nothing on idle cash.

marinervvv

Rzlv- no shares to short according to IBKR. Will this squeeze ?

Mountain_Ad6746

IBKR

FewUnderstanding2214

They charge 65 euros a month - that’s not cheap especially on small portfolio. I prefer IBKR

Technical_Meat4784

I simulate a hypothetical SPY portfolio that receives the exact same cash flows at the exact same times as my actual portfolio. I buy whole shares only for cash purchases (fractional shares allowed for dividends), carry forward any leftover cash, and deduct $1 per trade for IBKR brokerage fees. Then I compare both portfolios using the same denominator: total cash deployed. It’s not perfect but it's a clean apples-to-apples comparison.

Jealous_Bookkeeper20

100%. IBKR PortfolioAnalyst has the institutional math, but using it feels like filing taxes in 1998 navigating that portal on desktop is brutal, and good luck actually sharing a clean visual allocation with anyone without exposing your entire balance.

Aggressive-Let-8451

Does IBKR care how many trades you make per day ?   I just got banned from Etrade for this. 

princerick

IBKR portfolio analysis shows the TWR. Crazy how good IBKR functions are and how awful the UI design is.

billyb99

what broker are you using ? some brokers like IBKR have their own inhouse margin system that adds extra margin on top of TIMS or SPAN requirements.

OptimallyOOO

who are you, IBKR?

Fast_and_Curious618

Thank you for your advice. This is really helpful! 😀 I understand the technicals of options from a theoretical perspective but don't have much in the way of experience trading them (been trading futures for ten years through spread bets and CFDs). Like I said, I've traded the synthetic, OTC options on my spread betting account as a way to access higher leverage than the 30:1 spread betting and CFD cap. So this is just a simple long option, moderately ITM to increase the Delta so that it behaves more like the underlying. These are index day trades. I think the spreads are quite wide but the leverage coupled with the tax-free status of spread betting is arguably a cost worth paying. I just wish I could see the Greeks. It only shows IV. To fully understand them, I need to see them, and require them to trade multi-leg strategies. Correct me if I'm wrong but IBKR offer a delayed-data free trial account, and you have to open a real account to access a paper trading account? Did you practise in a trial account first? How was that - is it sufficient? Sorry for throwing so much at you at once but you're only the second person I've seen on Reddit who's based in the UK and trades options, and the first one wouldn't talk to me! This is from passive reading of comments; I've not tried hunting these traders down. 😆 I'm sure there are many more.

Persephone_123456

Someone said stocks will go down, and these are indicators of recession. Is it a good time to even buy at this time? I checked, i can use IBKR where i am.

barnacle9999

I buy a bunch of sovereign bonds using IBKR from various countries. Probably has most of what you want on there.

Independent-Tree-985

IBKR just sent me an email about the phishing scams out there Y'all better check on gamgam. She might be posting in r/scams right this very moment! 😨😨

Rosella2562

I understand - If you don’t have prior experience with options I definitely recommend learning about all the technicals including the Greeks, IV, bid-ask spreads, choosing strikes/expirations, etc. and doing some paper-trading too. I started with IBKR which really helped me learn options and was my favorite user interface for a long time, good P&L charting and shows Greeks in detail too! Overall very good and reliable broker. Also have Robinhood but unlike in the US they do charge commissions here (like $0.50 “contract fee” for buying or selling a single option contract- If I buy 40 contracts on a trade that can add up to $20 in contract fees alone, so something to consider), but I like their UI and they seem to update the options chain quotes faster. Best of luck with your future trades 😊🙌🏻

Eagerbeaver98

Im 100% confident they made their gains elsewhere like IBKR and switched to wealthsimple. The reason I knew it because I can tell they think very hollistically and in details just like I do as another successful investor.

klipsetrades

What rules out IBKR’s API for your use case? Knowing that would probably help people suggest alternatives that don’t have the same limitation

slideweasel

I did a bunch of study and trial for myself that has evolved over time. Tried many different ways. The way I do it now is 1. I only do them with SPY and QQQ primarily and IWM, DIA, GLD secondary when charts look stable. 2. 30 to 35 dte for higher premium 3. 15 deltas (I dont think about this much I just do) 4. Once position is taken I enter an exit. My exit was 55% profit (pay back 45% if credit received) 50% to me and 5% to cover commissions Currently since July 1 when I started doing this I am 85% success rate. As soon as I exit the position (depending on chart or if Friday wait for Monday) I re-enter position. Reset prices if you will and keep repeating. For most part I am only in the position for 11 to 12 days before exiting. As for a protection which I had to do with IWM and DIA this last week. I set an alert $5 away from shorts on DIA, IWM, GLD ($10 away from shorts on QQQ and SPY) and if breach I give it 1 day to correct or just exit. I generally lose about $100 to $200 on that position if that happens. Depends on amount risked per condor But upon re positioning I make back. As for strike distance for QQQ and SPY I use $20 from short strikes. IWM, DIA and GLD this I vary for increasing the premium but for most part $15 from short strike. I used to try to hold for entire credit but I found with IBKR if go too late it gets hard to exit and in some cases cannot exit both legs at all so I do this process. I do about 10 trades a month keeping my risk spread out amongst the 5 ETFs (when chart works) IWM and DIA arent great right now.

Eric848448

IBKR will follow the regulations of whichever country OP lives in so he won’t be able to buy non-EU ETF’s.

EUredditposter

You can deposit USD in IBKR and buy USD denominated securities. 0 FX conversions.

collodi101

I just heard that tastytrade in the US accepts EU residents. It is a US only broker, but as a US broker it isn't bound by PRIIPs/MiFID, so you can buy **US-domiciled ETFs** (VTI, option-income/leveraged products) that IBKR blocks for EU retail. I cannot guarantee that the latter is true, you have to verify it, but it is worth at least to try. I give you a reference https://tastytrade.com/learn/accounts/account-types/international-account/ As far as I know tastytrade is a platform that originally was created for option volatility risk trading. But nowadays it is just another independent broker in the US that gives you access to index funds, individual stocks, futures, option trading etc. Compared to giants like Schwabs or IBKR is small, it holds only $4B assets from clients.

Weak-Housing-8347

What to buy Monday let my MU and ASTS calls expire for 0$ time to top my IBKR and BUY Monday send me your YOLOs for the week

NecessarySpread2592

I meant historical. Collected from where? I use IBKR

YTLupo

Robinhood changed how options trade recently. The fills are GARBAGE. (I use IBKR as my main)

PurpleSausage77

Wish I was more involved back then. I only did that with one share during the actual two days of craziest idiosyncratic price action, before RobbingtheHood colluded and conspired with their favourite market makers X hedgefunds to shut it all down because they were on the losing side of the trade at the time. IBKR CEO goes on CNBC to say the stock price could’ve gone to $1000+ and “broke” the system. “System” clearly broke long before that though. Citadel & Griffin & buddies testify at Congress with their leagues of lawyers. Not a Cat DFV also summoned to Congress. What a time.

King-Doge-VII

IBKR is some dinosaur shit you might as well hire ur 102 year old demented grandma as ur stock broker while ur at it

AromaticMemory5073

24/7 trading and agents will be good for brokerages like Robinhood, IBKR, and others that stay on the cutting edge. Trade anything at anytime = $

LegitosaurusRex

Oh yeah, I do the credit card ones. Idk how you could get 3.3% from IBKR though, maybe it was during 2021 or whenever the rates were super low? I have an additional hack for US folk at least: you overpay your taxes by however many thousands you want with a credit card, and then you call in and say you made a mistake and ask for it back, and they’ll send it to your bank account. And if you wait for I think 3 months before getting it back, they pay you interest for that period as well.

LongAppointment5976

IBKR Mu call 1150 0dte for only 2.5

Easy7777

RRSP (or 401k loans) - some banks don't care how you use the funds Credit card balance transfer cards - 1-3% fee and 0-3% interest for 12 months. Funds can be sent to checking accounts or other ways to extract the cash HELOCs - My HELOCs were under 3.5% for year Portflio Margin - IBKR is around 3.3% for my Canadian loans Starting out my account I would use double margin (HELOC+portfolio margin) to buy Canadian banks that paid 5% dividends. Use my cash flow from my 9-5 to repay the HELOC and let the dividends reinvest with residual paying down the portfolio margin. Once the HELOC or CC balance transfer was paid off...rinse and repeat.

AlienSweetPotato

Nah fam! You good. Also IBKR over counts trades. If I submit a buy order of 100 shares and IBKR does 3 orders of 20, 30, 50 - retarded platform will say I made 3 trades.

Homeless0DTESPX

Webull is my main broker because they offered me 5% to transfer in, but it's buy and hold since I don't like their interface. Me not liking their interface wouldn't make me call it a "kid broker" I've had accounts with Vanguard (my first), Fidelity (for ATP), IBKR (for portfolio margin that RH or Webull don't offer, they just have Reg-T), and Robinhood. You thinking there are "grown up" brokers is comical when all five have trillions of dollars in AUM.

Square_Reach_8496

You do realize they weren't the only brokerage that halted buying right? If you disapprove of RH, then you must also disapprove of Webull, TDAmeritrade, Schwab, ETRADE, and IBKR. People are so quick to assume that RH is evil and they were the only ones that did this, when in reality, you are clueless and just a sheep.

Snail_OnA_Razorblade

Are you not paying for days from IBKR?

SleepyZM

Doesn't IBKR already have something like this?

goofedgooberIG

The money is transferred from my account now, so nothing to screenshot, IBKR won’t load my orders

goofedgooberIG

https://preview.redd.it/iw4eyda5ynsh1.png?width=2462&format=png&auto=webp&s=7bec0aee0c44ed797e6a07d5f5a4336a4dbb9e0d It was $780k at peak but IBKR charts are weird it was probably intraday.

Easy7777

No. IBKR has some of the lowest rates. The $800k in CAD margin, is around $28k in interest a year. 3.5% The portfolio pays $50k in dividends alone plus growth The USD balance is around 5% (will have to double check) and because I don't hold onto the assets for that long, I don't pay that much per month interest. Even if I do, when you are making $175k / month in realized profit it's fairly small. Margin interest is also tax deductible

memeblowup69

that's IBKR right?

Sharaku_US

I prefer SPX simply for the lower cost and better fills during RTH. If you have IBKR, Ninja, or Robinhood you can trade both 23/5.

Easy7777

IBKR

Easy7777

IBKR

The-Iron-Bird

get off RH, IBKR won't fuck you like that

OurNewestMember

The easiest thing to say here: achieve cross margining when possible. Basically, if you're net shorting S&P500 directionally, do that with SPX. Opening trades for zero margin. Easy peasy. Tbh, it sounds like many of your trades won't cross margin, but still try (cross margining is when the combined requirement is reduced due to risk offset, not when the requirement is satisfied from something other than cash like from long ETFs). Now, the rest of it. I'm going to assume your cost to fund futures is about zero and not 6%, because that's achievable (details later). With those basics, ES vs SPX. Some questions are mostly margin independent, like if you need physical settlement or American style exercise, it's going to be ES. So we can mostly ignore obvious deal makers/breakers. So the securities account has long marginable ETFs and maybe a short box and some SGOV/BIL/etc (see later). A short S&P500 put is not getting any margin favors from the long ETF. Couple that with higher margin requirement and, "not SPX" is the answer for selling puts here. Short calls (or long puts) we already mentioned indirectly - should be a obvious win with SPX (given the long ETF holdings). What about strangles? Smaller futures margin should dominate here. But consider lifecycle. If you're going to manage aggressively, futures costs and trading hours could matter, etc. So roughly speaking, open trades wherever margin is lowest. You'll use more of that 60% excess liquidity most efficiently by doing net short calls and net long puts with SPX. But "using up" more than the 60% utilization for its own sake (by suffering higher margin requirements) is not necessary because you can (and probably should) take like 1%age point of your excess liquidity and move it to futures, so you can get the lower requirements at negligible extra cost. Which brings us to...funding futures trading should roughly cost zero. The optimal setup for futures is a big box (eg, buy 2000 wide for 1900 debit or whatever, and give it some duration so you're not messing with these constantly). It earns the implied rate and will satisfy your margin requirements. Having it doesn't mean you must trade futures (you'll earn the going rate regardless) If you need cash (you do; you're cash poor, as you're supposed to be), sell a box (I'm assuming you don't want to sell your ETFs and replace them with calls/synthetics). Futures margin deposits should not come from the broker. Also, sell a box, and leave it. You "pay it off" by pumping up your SGOV or something, not crossing the spread a second time and even risking needing to open another box due to shortsightedness. Good funding hygiene helps cover all your trading costs! If your securities account is $300k NLV, then putting $300k notional deposit into your futures account should cost you less than 1%age point of your securities excess liquidity (you'll go from like 60% to maybe 61% utilization). It's achievable to cover a year's worth of trading for like $70 of slippage (which should be "paid for" by 1 or 2 weeks of open futures positions not being secured by USD cash). This is absurdly cheaper than borrowing from even "the best" which will cost you 120+bps (and that's assuming you're borrowing millions from either IBKR or RH Gold, lol). Ie, structure your portfolios in advance so that there's little cash movement for futures (or even opening SPX debit positions). Then you can pick SPX or ES based only on product fit and margin efficiency. There's plenty more on cash management, but that's enough for now. Some scenarios. ##Scenario: Long ETF, sell an S&P500 strangle SPX: $60k requirement can come from the excess liquidity in the ETF. ES: $40k requirement comes out of the excess liquidity in the box (actually you might release like $1k excess cash back to securities, just use SGOV/BIL/etc to soak it up) ES likely the winner due to the lower requirement ##Scenario: long ETF, buy S&P500 OTM put debit calendars (assume cash settlement is okay) SPX: requirement should be about zero (cross margining), and the debit should come from selling leftover SGOV/BIL or whatever you worked up when you sold the big box you need because you're cash poor ES: normal SPAN2 requirement (not bad, but likely not zero) which will be deducted from any excess in your long box. Debit also should come from selling bills, same as for opening the debit SPX position SPX probably the winner due to the negative Deltas nuking the requirement. Most people will not setup their accounts like this, and then cash management becomes a completely avoidable recurring cluster. Boxes could just be managed twice a year (December and January) and then fine tuning with something like SGOV can happen like 12 hours a day with penny wide spreads. Brokers sure fleeced the public on funding futures accounts 😂 So here's the answer: - settlement and assignment characteristics always dominate the SPX vs ES choice - always go for the cross margining in those few applicable cases (SPX short calls, long puts in the securities account). Of course both portfolios will change over time - Get your cash management setup on both securities and futures, so that funding is a non issue for choosing SPX vs ES. Obligatory caveat: technically long options don't generally have a margin requirement, but we can pretend like they do because they will tend to reduce the requirement when you do put on marginable positions (eg, when we say adding net long puts should be done with SPX)

CUbuffGuy

If you're on IBKR I recommend you sell your SPX calls now. Most likely high of day

thetalentedmrbowser

IBKR desktop

OurNewestMember

They have to support most of those hours, so it's mainly Schwab, IBKR and tasty. Etrade and Tradestation could work, too. But this means no active trading on RH (they are getting better, though) or fidelity or webull, etc. In the spirit of letting mechanics drive the strategy, I don't really heavily on SPX global hours, which is what lets me not be stuck solely on IBKR (my SPX positions are always hedged, so emergency work can be done with ES instead which many brokers support unlike SPX global hours) I mean, set safety constraints upfront (like which brokers and strategies) and then the world's your oyster

razorbackaj

IBKR Lite is amazing so yes there are $0 trade options available

curryinmyshoe

I'm regarded and even I won't buy options on WS. Take the time to setup IBKR to lose your money

Creative-Objective13

Moomoo IBKR

Omar_DmX

I've been having issues logging in to IBKR this morning.

the_shalashaska

Schwab is a total piece of shit. Been almost 30 minutes and they aren’t able to log me into the app lmao. Done with these fucking morons time to move to IBKR

Monharti

Wealthsimple has free trading, other bank brokers want $10 PER TRADE. IBKR is still the best broker for trading in canada and OP is an idiot for not using them.

Easy7777

IBKR WS is garbage.

Beret888

All the morons that deal with these shitty brokers to avoid paying $1 for a trade you got what you paid for. If your serious and want a real broker use IBKR its not free but OP got what he paid for....

Eyoba_19

What’s wrong with IBKR?

Rex_G

OP I recommend IBKR or Questrade in Canada

putinhimself2020

Yes, but I think that IBKR runs margin/access liquidity checks all the time, so the danger is in very wide spreads that skew option values. For cash-settled options anything post-settlement should not cause any problems, because the values of all options are known. At least that’s my current understanding.

Bright-Wait-4572

Once it closes, the value's locked. Deliverable becomes $3,100 cash per contract, so your BWB is worth $2 and stays $2 until expiry. OCC handles that part. The risk is all broker-side: an auto-close into a thin market below $2, or them wanting the $3,000 strike cash to exercise the 30s in the registered account. That's what I'd ask both of them. Also, IBKR definitely does auto-liquidate. They run a pre-expiry exposure check and will close stuff if the post-assignment margin looks bad.

putinhimself2020

Yes, I’ve read that. I am ok holding everything to expiration, but my worry is about auto-liquidation. I am going to contact my brokers tomorrow to clarify all this, but perhaps someone knows how exactly Wealthsimple and IBKR deal with all this. If all options are converted from stock to cash deliverables, I am fine with that.. but if Wealthsimple decided to auto-liquidate my spreads for whatever reason then it’ll be a disaster.

putinhimself2020

Yes, the process is clear. My question is more about how brokers handle this pre-expiration. For example, Wealthsimple auto liquidates options and automatically closes some option spreads 1 hour before expiration. My question is if I should worry about this or not. Let’s say I have a broken wing butterfly call spread (long $27, short 2 $30, long $32 calls). With $31 cash settlements, it’s worth $2. However, if this is liquidated in the last 30-60 minutes of trading it can easily lose a lot of $$. Also, if I hold lots of long $30 call options in my registered account, then they should be making $1. However, if Wealthsimple treats this as “purchase 100 shares at $30”, then I will not have enough cash in my registered account, and so those may be auto-liquidated. I am hoping that IBKR is better in this sense (they do not auto liquidates), but then I am not sure if they can potentially recalculate margin/liquidity excess when/if the spreads become too large.

SPXTIGER

I play 1-2 DTE 200-250 points out and spread is 50. These are generally Iron Condor. Each contract requires 4-5K margin and gives me .8-1 Dollar. My sizes are 50-100contracts each day. Sometimes on a major event day like FOMC I get even $2 per contract. In many weeks I earned 50-60K. I blew my account on June 5th and lost 650K but I stuck to my strategy and recovered back most of my money so far. I use IBKR and never use any data. I can earn 2-3K everyday with zero risk.

vice123

Good observations, I'd to add a few notes, maybe you have had a difference experience with those. Futures still have various "decay" drags, which are priced in. The cost of carry and the risk-free rate are the big ones. But you are correct that there is no theta decay on a future. With OTM options you can achieve significantly higher leverage than plain futures, maybe with well positioned vertical spreads the leverage gap can be closed. Unfortunately my broker IBKR does not pay interest on cash used as collateral for holding futures outside RTH (for US market trading hours). With high interest rates this has to be noted. The 24x6 trading hours are real, but friction varies with liquidity, and liquidity is not great outside US RTH. The Tokyo and London opening sessions provide a notable volume peak outside RTH. The rest is tradeable with caveats. I completely agree with commodities being more predictable and moving with supply and demand.

HeavenlyMystery

Seeing everyone trading options but I can't because IBKR doesn't let me.

music_is_gud

You know we are in a recession when you get "bond marketplace" emails from IBKR as opposed to the usual 2x leveraged ETFs on some Korean stock

gioadamski

You want to see IBKR?

Mysterious_Vast_8889

I m with IBKR. Don’t know how to place PMCC order. I did leap on ONDS but don’t know how to do PMCC.

Grouchy_Value7852

I’d say IBKR Thomas petterffy had part of that action as well…..

BrokenDreams009

As far as I'm aware IBKR have them as BEAMMW.B and on Fidelity the ticker should be BEAMMW_B:SE. ​Potentially you have to enable European stocks on your broker account to be able to trade with their stocks.

neillson01

Thanks, I have checked the settings but there is no hidden settings from what I can see, it explicitly says short put spread and short call spread is OK. IBKR support is unresponsive.

Arcite1

u/neillson01 This is the only reply that makes sense so far. Level 3 with IBKR allows "short call spreads" so there is no reason this should be considered uncovered or that you should be limited to cash-settled options.

Kaawumba

IBKR allows it, but you will be marked as professional and therefore have reduced liquidity. https://www.interactivebrokers.com/lib/cstools/faq/content/1112372529.

the_humeister

Schwab and IBKR. There should be others. The ones that don't (e.g. Robonhood, Webull, etc.) will kick you off their platform. 

Fun_Preference4300

Wealth simple or IBKR????

english_fool

so how do I stop IBKR selling ITM SPY puts at 15:50?

english_fool

my NVDA 225p just got sold for me, thanks IBKR!

crova

I use IBKR. I wanted more closing options. Never liked that TT didn't have trailing orders, and the issues/updates were just too much (+ a hassle for non US citizens to deposit/withdraw funds).

HeavenlyMystery

Why the hell doesn't IBKR allow me to close my MSFT position?

ElvanKing

Is IBKR down

Fit_Equal6932

Well there are two sides to it: 1) The technical, micro price movements on the 0dte leg can move the spread price by a few ticks and you come back and capture it. You can wonder about why can you can even do it etc etc. It won't work with IBKR when you try to do it with Direct Market Access because you will never get a fill, so it comes down to somehow the MM model thinking your trade is juicy and filling you and you can come back a little bit later to close out when the underlying has moved a few ticks. There models execute both sides thinking it is profitable but then you end up with single digit dollar round trip PnL and it has to come from their pocket by definition. So why does it happen and what is the inefficiency here, People here on non-competes commenting as if they know the whole story will laugh at this. Yes you can ask a fair question as to how is this even possible, the MMs see every tick at the speed of light and readjust prices. 2) The practical, read through all the posts here with people complaining about 390 order limit. They tell you exactly what they are doing, sit with your brokerage account and do exactly that, Dumb shit, you don't know anything about options price, you are just buying and selling and you get fills and you make money. No one can argue with that. That's about it.

Fit_Equal6932

I don't think margin/cash requirements are at play for these specific cases. Those are just handled by liquidating your accounts. I trade with IBKR which auto-liquidates. I don't know about E\*TRADE rules, I don't use them although I had tested this strategy for shits and giggles to prove the concept and its a grind and makes sense for people willing to sit all day in front of a screen.

Independent-Tree-985

tesla is obvious. It is THE og beta stock. rddt has a lot of volatility too. hood is a populat gamified trading app with some potential, despite its other shit. Its not mature like other fintech, but other fintech isnt well known to them. I prefer other broker stocks like IBKR to trade myself, but I do watch it closely. goog is the mag 7 thats due to recover. The idea was that its down because its not AI and had lawsuits and they force their employees to piss into aquifina bottles and shit. Like amazon before it, it was expected to bounce back because it was so big. And the market is more than happy to sting out retail and keep them trapped for now

Few-Pollution4403

No plugin, API with IBKR and python, have it monitoring 5 different stocks

hotforlowe

IBKR seems to let anyone have an account these days.

Yeetberry

im using IBKR as well but why are your colors green? is my app buggy or something? I see red mostly. ive tried contacting IBKR support to refund some of my META losses a few months ago...

Mountain_Ad6746

IBKR

OurNewestMember

Maybe try shorting a small lot of bonds to see how it goes (eg, I think IBKR allows $250k minimum, needs to be on the run paper, can't close in too small amounts, etc). I wouldn't expect to be able to use the short proceeds for trading or withdrawing (which alone would explain most of the rate difference compared to using options, intuitively). Also I'm not sure if your bill yield was based on the ask (but that's a minor point as we agree that the implied rate on the box will be higher)

Mountain_Ad6746

IBKR stocks will soar in these few days with the macro shit and the fed raising interest

MagnificentLee

You’re right. When ETrade was purchased by Morgan Stanley in 2020, ETrade had $360 billion of retail client assets: https://www.morganstanley.com/press-releases/morgan-stanley-to-acquire-e-trade In comparison, IBKR has $903 billion of client equity: https://www.interactivebrokers.com/en/general/about/ibkr-fact-sheet.php

econopotamus

I had to click through because the "ETrade only has $159million in customer assets" statement is so obviously wrong. That's specifically the segmented assets of just their futures desk, according to that document....And since it's from mid 2026 I assume most of their futures have moved to the Morgan Stanley desk (MS bought Etrade and I know they are clearing most of my big stuff through Morgan desks now). The assets argument is off but IBKR does likely have more appropriate service for OP.