IBKR

RobertFKennedy

I don’t understand - why can’t US person trade and buy Sp500 from overseas? I assuming you guys have US bank accounts etc and still file annually in the US. I do, and I use Schwab and IBKR etc? I do pay US federal taxes but not State (non resident for state)

RobertFKennedy

I don’t understand - why can’t US person trade and buy Sp500 from overseas? I assuming you guys have US bank accounts etc and still file annually in the US. I do, and I use Schwab and IBKR etc? I do pay US federal taxes but not State (non resident for state)

UnicornMilking

I have struggled so hard to get any options permissions on IBKR. Don't know what I'm doing wrong (plenty of money) and of course they don't tell you 🙃

Independent-Tree-985

I called the IBKR service to bitch to them and discovered there's a $30 fee to place and order online. Thats fuckin wild

visagedemort

Hello everyone! Recently I turned 23 and I have decided that it is time to get myself into investing (could have earlier but I would say it is still early) as having money sitting on the bank that I do not use and inflation grows is not ideal. I have opened an account with IBKR and I live in Europe (and will also be travelling to a different country from where I currently live but still in Europe) and thus I do not have direct access to ETFs such as SP500 etc etc I will be investing around 3-4k for a start, and as much money as I can monthly, but at the start of the next year I will get access to around 12-15k more which will also be invested into my portfolio. I did a little bit of research and I have decided that I prefer not go with a single global broad market ETF as I would like to have a bit more control where I invest my money as the months/years come by. And thus by going through ETFs, different posts and videos collecting information I have decided to go with one of these portofolios: **Portfolio 1:** **Value: IWVL (VTV) | Dividend: VHYL (VYM) | Growth IWQU (US: QUAL) - CNDX (US: QQQ)** Portfolio 2 Value: IEVL (US: EFV) and ZPRV (US: VBR) | Dividend: FUSD (US: SCHD) | Growth: CNDX (US: QQQ) As I am not that experienced yet, I will be looking into your feedback and insights!

Resident-Lobster-567

that screenshot is IBKR surpisingly - very strict on their options permissions.

Anonymustafar

IBKR is so geehyy for their PDT rules. It blocks you from making a 4th trade no matter what, and doesn’t let you request a reset. So…guess I actually have to wait till day trades roll off. Kinda a shitty customer experience and support process. Can’t be worse than robinhood but still…not great. They also make you pay for just about every slice of data you could get. And commissions on contracts.

mneymaker

Check IBKR trade orders on browser. I don't know what it's written like this i checked it as well

SamRHughes

Was the cash balance for either account negative? You're not supplying enough information. Maybe the cash level was $0 in Account #2, but then Account #2 got charged IBKR's fees for market information, and thus went negative -- and since the leap call is not marginable you got margin called. Just a wild guess.

Dangerous-Career5793

I use midpoint + 3 ticks.  I get super fast fills nearly every time.  If it doesn't fill very quickly, I switch the order with a button to an ask + 1 tick order. If you really want to get into a fast mover, use a marketable limit order, which is basically ask + 1 tick or bid - 1 tick (if shorting).     Also, the broker most definitely matters.  I use IBKR.  They are known for fast fills.  I've had most of the other brokers and there is no comparison.  

sweejaa

Its traded on the TSXV - Toronto stock exchange venture But if youre in the US, you can buy it OTC, under the ticker CTRNF Itd be available on Interactive Brokers (IBKR) and Fidelity. Interactive brokers doesn't have a fee, Fidelity does!

DreamfulTrader

Tastytrade is best- cheapest fees, easy app and fills. Make sure you **open cash account**. Then, IBKR - make sure you send USD or Alpaca Markets (I am building my own app as they only offer APIs for developers) I day trade options on ETFs once a day, maybe 3 times a week and started againg with $300, regrowing it to $60,000

baconography

You need Fidelity options chains up side-by-side to get accurate fills for IBKR.

meridian_05

ETFs arent supported by Robinhood in the UK. IBKR does them, with a UK-based account. Tastytrade does them with a US-based account opened from the UK. IG Index used to do them with a port through to Tasty but they withdrew that last October, you can still do spreadbets or CFDs though. Out of the two main contenders, IBKR is UK-based with FSCS protection but is notoriously difficult to get approved for more complicated options strategies. Tastytrade is easier to get approved but is US-based so no protection for your deposits.

Cancamusa

IBKR - but you want SPX (or XSP if SPX is too large). Never options on SPY, unless you like unnecessary risk.

RealAvidTrader

User friendly apps “beginner traders” - Robinhood - WeBull More advanced - Fidelity - Etrade - Think or Swim - IBKR Make sure whatever you do to start slow and make sure you learn from the RIGHT PEOPLE The worst thing I see is traders join my group and they Spent 2 years learning the WRONG way, just clicking buttons randomly which is essentially gambling (copying others blindly) If you need help with anything in the future, feel free to reach out and send me a message anytime

ThisCase41

Best to trade SPX in UK (not SPY); and use IBKR.

micr0stonk

Woke up today to find my META $750 Jan 21'28 leap liquidated by IBKR. I have 2 non-reg accounts on IBKR: Account #1 holding only shares worth 110k and the Account #2 with just this META leap and no cash (my intention for this second account was to make it easier to isolate and visualize my performance with leaps). My understanding from IBKR's msg on why this happened was because I did not have sufficient cash in Account #2 to meet margin requirements. What I'm confused about is why was I liquidated on a leap that still had 2 years till expiration, plus, would eventually expire worthless..? Unless they assume I might exercise the leap? Even so, I would need sufficient capital to purchase the shares. Could someone educate me on what I'm missing here? Many thanks

Connect_Boss6316

IBKR

throwawaydonaldinho

Fucking IBKR trying to short USO but no locates aaaa

IntergalacticBurn

This is just my own local brokerage's website. It's not actually all that intuitive; it's quite old-fashioned. I'd swap to IBKR if I could for more foreign equity exposure, but this brokerage gives me really, *really* generous margin. And during tax time, they file every position as a long-term holds. That works really well for my taxes.

Arcabyte

Why not just buy ETFs instead of mutual funds? Since you're a US citizen, buy US domiciled ones. You could open an Interactive Brokers account using your Social Security Number and invest in ETFs like VOO, VTI, VXUS, etc... It’s cleaner, tax-compliant, and will save you hundreds of hours in spreadsheets. You might also be able to open a ROTH IRA using IBKR depending on where you reside.

obidamnkenobi

Check out Schwab international, specifically geared towards US citizens abroad. IBKR might also be an option.

Impressive_Start_980

So HOOD pumps 8% while the superior IBKR trades flat Very cool thanks

Juic3-d

For those using IBKR, how do you like it compared to other brokers and what made you choose ibkr?

Tiny-Art7074

IBKR. Their interface is hit or miss, and their customer service is only decent, but they have access to damn near everything. 

Easy_Byrne

Rackspace ($RXT) is now up over 400% in the past month, and it just broke 52-week highs around $2.73 before pulling back slightly. The interesting part isn’t just the price move, it’s the setup behind it. Short borrow has been extremely tight with 0 shares available to short on IBKR at points and borrow rates previously near ~90%. That means shorts are paying a lot to stay in the trade, and if the price keeps pushing higher they may be forced to cover. The key level right now is roughly $2.70–$2.80. If the stock reclaims and holds above that range, it moves into price discovery with very little technical resistance until the $3+ area, which is where squeezes often accelerate as both short covering and momentum traders pile in.

neostarteon

Use IBKR. Robinghood change their maintaince requirement everyday and specially when the stock is tanking. They are amateurs and stupid af. IBKR can change maintaince but not throughout the day and I’ve been using for years, maintenance stay the same .

Coderboy55

SPY on Wealthsimple and SPX on IBKR

Anonymustafar

IBKR down?

Independent-Tree-985

IBKR remembered our anniversary. Im touched

Left-Signature-5250

I just got mine - not necessarily call, just the info by IBKR that I am at the 10% safety-threshold and they might need to liquidate positions... Oh well. Well shit.

stefanolog

I’ve tried a few platforms and they all have pros and cons some are better for execution, others for fees or interface. If I had to choose just one broker overall, I’d probably stick with IBKR because of its reliability, market access, and low costs. That said, execution is only part of the equation. For tracking trades, reviewing performance, and keeping everything organized across accounts, I use Tradevision. It makes managing the overall process much smoother regardless of the broker.

hv876

Could it be me? I am a fan and user of IBKR.

Anonymustafar

I love IBKR thanks so much to the retard here who gave me the suggestion wherever you are I hope life treats you well homie

Independent-Tree-985

I missed IBKR. Fuck me it was one of my final 3 for open

neverturndownagain

IBKR too tsla and msft was green 2mins ago

Reasonable-Desk3273

I think this is more headline anxiety than structural risk. Your assets aren’t sitting in a vault in Cyprus — they’re custodied separately, and brokers typically have operational redundancy across jurisdictions. The €20k ICF limit is about broker insolvency, not geopolitical collapse, and a regional conflict spreading into EU financial infrastructure would be a much bigger systemic issue than just one broker. If moving to IBKR helps you sleep, that has value, but from a pure risk standpoint this feels low probability rather than urgent.

GAV17

Probably IBKR and their margin rates. Also the abiltiy to trade on other markets cheaply, very important for non-US investors.

taxguycafr

The box spread rate is a couple points lower than the IBKR portfolio margin rate. Also I would get a tax deduction from the section 1256 treatment of the box spread. The investment interest would minimally affect my tax situation. My $300K has some decent long-term capital gains built up. https://www.kitces.com/blog/box-spreads-borrowing-alternative-margin-loans-sblocs-heloc/ explains it really well.

Independent-Tree-985

IBKR is still going on about scams. Considering they have never, ever reached out to me unsolicited lol

PapaCharlie9

Just call their customer service phone number. Tell them you are considering opening an account and this is your preliminary research. They should be happy to explain. Disclaimer, this is the first I've heard of either custodian and the entire securities-backed lending scheme. Sounds shady af to me. Even if it is totally legit, they have to make money off of you, so there's going to be fees somewhere that makes the whole idea sound like a net loser, compared to alternatives. Like, why not just pay down the loan by cashing in some of that 300k in assets? Or, why not ask IBKR to open a Portfolio Margin account for you and do the box spreads yourself? That will reduce the risk of margin calls to practically nothing.

TheRealNight_Monkey

I absolutely hated IBKR. For certain account maintenance items or app trades too many steps to do simple things. Their customer service is atrocious and they place long holds on transfers. The micro managing of data subscriptions is tedious. I much prefer Schwab. Excellent service that speaks English well, answers at the ready without constant telephone transfers, faster money transfers and shorter holds. You might give up on some market access like commodities but most people aren’t trading those. TOS is good quality but yes less customization. IBKR became too much of a stressor and obstacle to trading for me.

Reasonable-Desk3273

A 1%+ fee drag for decades is massive, so I’d only accept that if the regulatory risk is truly real, not just inconvenient. If access, withdrawals, or tax treatment could realistically get messy later, peace of mind has value. But if IBKR is still legally usable and the risk is mostly optics or friction, I’d lean toward staying low-cost because fees are the one guaranteed loss.

OptionsMojo

My 1099 from IBKR reported these disallowed losses.

af1984

Just open a demo/paper account with a broker offering options (IBKR, DEGIRO, Tasty trade, etc etc depending on where you live).

habfranco

So according to Gemini, the best way to short Dubai is through iShares MSCI UAE ETF (UAE). But it doesn't have an option chain in IBKR. Any ideas?

PanamaCanelOwner

IBKR giving 5.14% margin is pretty nuts at that point if inflation is 3% its basically free money?? why arent more poeple investing long term w margin

taxguycafr

So I just learned about box spreads from a webinar. Very cool leveling up from regular margin borrowing. I have about $300k in taxable brokerage, mostly at IBKR and a little at vanguard. My mortgage is $200,000 at 5.5% interest, so I could see some substantial savings by knocking that down quite a bit. I know that my Max borrowing would be 50%, and I'd probably buffer it by only going with 25 to 30% of my portfolio. I would then recast the mortgage to lower my payments. I don't itemize my deductions to get a benefit from the mortgage interest, so switching over to the section 1256 tax treatment would also help me. The two custodians that were recommended in a Kitces article were synthetic fi and vest synthetic borrow. The UI of Vest vibed with me better, so that's the one I'm leaning toward going with. My biggest question is on margin calls. I looked on both websites, and I couldn't see anything about the timeline to cure a margin call. I know that IBKR gives no window, they just start selling shares, so I don't want to stay with them for that. Also, it looks like you need to manually set up your own box spreads at IBKR where these other two custodians, it's what they do, so less chance to mess it up in the setup there, or am I off base in that? Does anyone know how long I would have to deposit cash to cover a margin call with either synthetic fi or vest synthetic borrow?

readingthreads12

If it’s the same underlying ETF, currency of listing doesn’t change the actual exposure, you’re still taking USD/EUR asset risk anyway , so I’d focus more on total costs and IBKR FX spreads; I even ran my allocation through Lattice to see real currency exposure and it helped me chill about the listing currency vs actual risk.

theipd

That’s awful. Their automatic closure within the last hour of trading is really bogus. I don’t usually do 0DTE but i dipped my feet into a condor for SPX. That last hour of trading which was also the hour that I placed the trade would never have happened at RH. Not good. Good luck with IBKR. Are they still charging $10/mo to use their terminal software?

123phi

I've been using RH and honestly I liked them up until today. I was trading a 0DTE option for IREN on a very event specific timeline that I need to hold almost to close - they locked my ass and auto-sold 27 of my 30 contracts and then the last 3 I could not sell at all and they tried to auto assign shares ($12k worth) and now my account is in a deficit. I'm venting, but the gist of it is that I made like 10% on this trade bc of being auto-closed by their risk bot. I was tracking the option itself and in the last 5 minutes of the trading day was up 205%. They F\*$Ked me out of 195% bc they cater to retail traders. I immediately went and opened a IBKR account. Not gonna lie RH has been good for me for options for the last 2 years, but today I recognized that they are absolutely for retail traders and can have some massive hiccups Sorry for the rant, but just a cautionary tale. If you are just getting started I think RH is find, although their data is ass, and options is all about understanding the greeks, OI, vol, IV, spreads, etc. They don't make it easy to get all that. I have coded my own dashboard to get live data from Think or Swim and was simply using Robinhood bc i like the UI and its easy, but today really rubbed me the wrong way

zedk47

IBKR made 4 times more

AnyManufacturer6465

That total has the commission’s already calculated. It’s IBKR mobile

LegitimateResolve522

Lol re lonely mx...and yes, sometimes I've seen my trade as the entire book at that strike/dte. I have 2 brokers, Qtrade, a more full service broker with more in depth, real time quotes, and IBKR with about 10 minute delayed quotes. If I really want better info, I can open one tab with Qtrade, and put the order in with ibkr. For the most part, I just use ibkr mobile app...the delay doesn't really matter to me, I generally start at mid point, and then incrementally move every few minutes till filled. Qtrade fees for options are much higher, it's hard to beat ibkr fees, interest and exchange rates (cad/usd).

Run-Forever1989

IBKR breaks up your trades so the number of trades is nowhere close to accurate. Mine says I traded 180 times this year and it’s probably closer to 20 actual trades.

byggusdikkus

I use Schwab, I’ve never used Robinhood, I used to use IBKR. You need to put down the crack pipe if you think those brokers are going to fill you in any special way, you got lucky because of price action. Do yourself a favor and use limit orders for the love of god, I usually try to throw my limit in the middle of the bid ask spread, 9/10 times it’ll get triggered and you won’t start off down a couple grand.

Reasonable-Desk3273

If you’re mostly just DCA’ing into VUAA, the broker matters less than consistency and custody safety. IBKR is boring but rock solid long-term, which is why a lot of people stick with it despite minor friction. Fee-free is nice, but I’d personally optimize for stability and flexibility first, especially if you plan to scale contributions over time.

Father_Mechanicus_89

I’d probably stick with IBKR for the long term.

szakee

*"I tried IBKR, but the issue is that I can’t buy the euro-denominated version, only the USD one, since my account is italian"* that doesn't make sense. buy on the correct exchange.

EKUSUCALIBA

Some further things I forgot to add: 1. At least on IBKR, options on this index uses a SPAN margin not regT margin (I am ignorant on margin tho so not sure how normal this is) 2. IBKR counts the options on this index as a futures option so it doesn’t count toward your day trade counter!

pawnografik

CC meaning covered calls right? How do I get into selling those? I have an IBKR account and sufficient capital to get going. I’ve been buying LEAPs with a limited degree of success (SLV was a disaster but my EWY positions are going great guns). Do I need to first buy 100 of the underlying in order to be able to sell a CC?

EKUSUCALIBA

I’m certain you don’t need to be a resident of Korea to trade the index’s futures and options. In fact, I can’t get realtime quotes because I’m a resident of Korea, whereas if I was living elsewhere IBKR would give me realtime level 2 quotes for just 2 bucks 😭

EKUSUCALIBA

Your best bet is probably with IBKR. But do note that you can only and I mean only trade the KOSPI200 index futures and options or KOSDAQ150 index futures and options (for the latter weeklies are not supported on IBKR despite being a thing for Korean brokers.) as for individual stocks, your best bet is on European exchanges unfortunately. Though the current administration is planning on making individual Korean stock trading more easily accessible for foreigners.

chrabauke

What broker do you use. I’ve got IBKR and somehow I don’t get it there. I wanted to play around with puts in paper trading and so how all this works. Looks like I’ll stay poor for ever 🤪

EKUSUCALIBA

Not quite sure what you mean in terms of onboarding. If you mean regulatory requirements to trade, I don’t think there was any, really, at least I don’t remember goin through hoops when setting up my IBKR UK account. OH right, US citizens apparently can’t trade foreign cash-settled index options? Not quite sure on that front. Liquidity wise, it’s not that great. Even with weeklies they only really ramp up a few days before close. I’d give more concrete metrics if I could, but honestly I’m not sure where to look for that info 😅 but as far as my experience goes, I rarely get fills the first day a weekly contract goes live. Which leads me to another point I forgot to mention: weekly contracts only go live the very week before. In other words, a contract expiring in 2nd week of March doesn’t get listed until the 1st week.

LegitimateResolve522

Well, I don't "wheel" intentionally. Do I get assigned occasionally? Yes. But they're solid tickers that have typically blown slightly past their normal extended range, and reverse shortly after. I leave myself enough cushion that I can still sell the same number of puts as usual, but add covered calls to the mix, so my income stream goes up while holding. Most often they'll get called away usually within a few months...so I'm still generating similar cash monthly regardless....I just have the added margin interest for a bit...which is not really expensive. Not keen on "bagholding" term...that implies you're stuck with a shitty security well below your assignment price... forever, or until you bail for a loss. .I don't care overly much about the short term price of the solid security I'm holding...it's just a vehicle to hang the options on, and will recover, while I still make the same money as usual. Last time I was assigned was IBKR @ $70 bucks. I sold my normal number of puts below 70 strike, and sold the covered calls at 70. They just got called away last week, and I made money on both the calls and the puts....I held for 2 months maybe 3? I'd have to check. Depending on how you look at the trade, some might think they lost money on the calls, because I think it was somewhere around $73 when called away @70...I see it as the perfect trade....I didn't lose on the price of the security, pocketed an extra $2k from the calls, and generated the same average cash from the puts. Being assigned occasionally on a good ticker isn't a big deal, often it's a small windfall.

No-Consequence-8768

The other side is IBKR charges for EVERY equity shorting. Even Msft, APPL, GOOG, etc... IBKR 'Markets' to a Much different crown than the Big Brokers. Also any HTB fees at like Fidelity/Schwab are Double + at IBKR. They marketed getting paid to borrow your shares, yet all the brokers do it now. For me IBKR is a Joke!

LegitimateResolve522

I'm Canadian, so mostly securities listed on the TSX, and I typically follow the 45 - 60 dte program on monthlies, but will trade 30 day out weeklies if a better trade. If buying (rarely anymore) I'll go 6 months out on average. Give yourself time to be right. Currently I have calls sold on CP rail (slightly under water, entered early, but not worried), other rail is CNR I will often do. Energy is typically Suncor or Imperial, or methanx...sometime CNQ. For fun, I bought (rare) puts on Suncor as a bit of a gamble, don't think that one will be profitable...too short a timeframe on my buy. Banks are often TD and RY. I like ATD and Gildan for retail, Open text and BDGI if the trade is good..though BDGI often the spread is too high, or option price too low lately. I have puts on Amazon.ca as an experiment that is going well...it's trending up since I sold them. For US, I almost always have a trade on with IBKR, that's had great returns the last year. I have April weekly and my normal monthly puts on IBKR right now...a little heavy on balance of portfolio, but all deep in the green so we'll let them ride a while longer. Currently at just under 60% for the last 12 months or so, but I didn't trade for a couple of months last fall.

Nervous-Tour-884

I mean, the interesting other side of this is that stock loans can generate real money. While most retail brokerages will give you 0% of the fees they collect for loaning out your shares to shorts, IBKR will actually give you 50% of them, and I imagine the same sort of thing applies to non retail, except if you are a pro, you probably have a way to rake in even more of the fees for a borrow. Holding a heavily shorted stock then isn't just a matter of being a dummy, but also a matter of being able to collect money for loaning out your shares. For a heavily shorted stock, that can be over 100% APY, or more, not to mention being able to collect the very inflated short call option premium if you want to sell off your upside exposure. It isn't a way I can make money personally, but if I could rake in most of the borrowing fees, maybe I would think about what such a strategy would actually look like.

PapaCharlie9

How about all of them? AFAIK, RH is the *only* broker that both offers 0 DTE and has such draconian risk management of positions near expiration. Any broker that offers 0 DTE that is not called Robinhood goes by your buying power (assuming RegT). If you have sufficient buying power to handle expiration scenarios, they won't touch your positions. That's the magic formula. Don't be a scrub that is undercapitalized for the size of your 0 DTE risk and all will be fine at any other broker. You could alternatively go to a broker that offers 0 DTE and Portfolio Margin. IBKR is one such. Maybe the only one.

ryallen23

if you just get an IBKR account you can immediately buy it in EUR on the ticker SSUN. And currency conversions are extremely cheap on IBKR.

Kindly-Explorer1299

Billion dollar companies and shitty customer support name a more iconic duo please, IBKR pays a retarded guy who works at 7/11 5 dollars to answer the phone occasionally.

TestInteresting221

IBKR 😒

murziusrokas

Not in IBKR?

swampidze

What’s your broker? It’s available in IBKR

Prudent-Corgi3793

Depends on your broker. Of the ones I use, Robinhood, IBKR, and Schwab will allow you to do it. Currently no borrowing cost for Tesla (although I don’t think you get paid on the interest for your cash position during this time, I haven’t tried it yet). Who knows if things change if the stock or the market drills, but I’m sure you’ll be the first to let us know. 😉

Disconn3cted

IBKR isn't letting me log in. That's a good thing though. I was probably going to do something stupid anway

Arcenio-0

I use IBKR

LaconicB

There’s no sense in selling naked puts dated that far out. For one, SPY contracts are so cheap and a waste of time, you can make 50-100 on another ticker with far OTM puts with a closer expiration and only have a little amount tied up.  As for choosing Fidelity, they require 20k minimum balance requirement to sell naked puts, and the margin requirements are higher than other brokers. You can get more for your money with other brokerages. I personally like Schwab and IBKR for naked puts, TradeStation is also good but you will be paying inactive trading fees every month if all your money is tied up in 3yr put contracts. 

DerSchamane

I dont know about the UK, but german 26% capital gains tax means on the GAIN and only the gain, not the initial buying price. So you dont need to perform at 24% overall to just make a tiny profit. Lets say you perform at 20% gain, you would taxed 24% of that, meaning around 1/4 of your GAIN would be taxes. This is basic stuff, so if you know that and I am just misunderstanding you I am sorry :> To save some money for compounding, here in germany you would go to an international broker like IBKR and trade options and stocks there instead of a german broker , because the german broker would pay the tax immediately on the trade while on international brokers you just have to pay at the end of the year, so in the time inbetween you have the money without taxes at least.

the_humeister

Portfolio margin. But you'll need to switch brokers (Schwab or IBKR)

Ken385

No extra costs. IBKR lists hours and costs for SPX option overnight session here, with hours. [Cboe SPX | Interactive Brokers LLC](https://www.interactivebrokers.com/en/trading/cboe.php?gclid)

privatepublicaccount

That’s a good question. I would expect, but haven’t confirmed, that Reg. T margin would be similar to the expected margin for a long stock position (50% at purchase, 25% maintenance). Under portfolio margin you would likely have a much lower margin requirement as the deltas essentially cancel out. Portfolio margin at IBKR requires around 100k iirc.

systerix

Use IBKR and you can trade SPX options again starting 8:15pm

Portlandiahousemafia

Thank you for the tips. The dividend is quarterly. I don't plan on holding till the end, I would definitely close the position before it was at risk of being auto-assigned...at least as far as the put is concerned. I was looking into IBKR this morning, but I am still not sure how they would calculate the required maintenance amount. Theoretically, after the initial trade is made, there shouldn't be any risk...other than losing the net cost to make the trade.

Halberd96

I don't think you can get easier than HOOD. I tried IBKR and I think I need to be an accountant who never has sex to understand the interface

privatepublicaccount

If you sell a call and buy a put, you’re going synthetic short. Going long the stock turns this into a conversion. The risk sounds relatively low, so honestly I’d say just go for it to learn how it works if you’re curious. If the call you sell has extrinsic value that is less than an upcoming dividend, you _will_ be assigned, lose the stock, and miss the dividend. If the 6.5% dividend happens at one ex-dividend date (rather than monthly/quarterly) you could be down 6.5%. The value of your out may or may not make up for it. There can be weird stuff that happens at expiry if your strike is very close to the stock price. Maybe strike is $100, close price is $99.98, but goes to $100.10 after hours. Your put is auto-exercised and the call is voluntarily exercised, leaving you naked short 100 shares. Closing the option position ahead of expiration will eliminate this risk. Keep in mind short stock lending rates. Ideally you’d be capturing 100% of the short stock lending fee, which will enhance your long stock returns. On hard to borrow stocks, this is usually priced in to the synthetic short price. If your broker doesn’t offer short lending fees, you may be missing out. Check iborrowdesk.com for IBKR’s rates.

Large-Refuse5205

I hate that IBKR doesn't let you trade 0dte options after 1:15 PM NYC time... It closes your position as soon as the stock price even hints at reaching the strike price of your options. Missed so many good trades because of that

amanukyan

hmm.. my broker IBKR shows 13-14

donkeybray

How do I change the red green shade(?) on IBKR app? After the update the green is freaking neon green against darker red so now the market is more green than it actually is. 🟢

kookooman10022

IBKR is by far the cheapest. I have 7.75 with Fidelity, I don't use as much as you do.

KryptosandXenos

Yes, absolutely! UK residents are definitely eligible. The key thing isn't where you live; it's where the stock was traded. Since Lightning eMotors ($ZEV) was traded on a U.S. exchange (NYSE/OTC), the settlement covers anyone globally who bought shares during the class period. I’ve seen people from the UK, Canada, and all over Europe collect on these. Because the $13.35M fund is currently in the 'Late Claims' phase, it’s actually a great time to file. I’d just run the [automated scan](https://11th.com/cases/lightningemotors-investor-settlement) to be sure. It takes 2 minutes to sync your broker (it works with most major international platforms like IBKR, etc.), and it’ll tell you exactly if you’re eligible.

systerix

Should move it over to IBKR

CompetitiveIdeal3104

I think you should try indian index futures and options, I heard IBKR has dollar denominated ones, and Indian markets are where the world's greatest retail option gambling going on

Oberschicht

IBKR offers it.

ComprehensivePea4988

Don’t you have to pay transaction fees on IBKR? Like from LSEE?

aDonkeyWithACarrot

There are a couple but really only one is good.. IBKR

drained_epstein

IBKR

Chloeniuniu

IBKR has Korean and HK stocks! I just bought a HK stock you'll need to adjust the settings tho