taxman...."broker waive this rule"
if it is a "rule", then it is a rule of your brokerage, much like different margins for volatile stocks....it's what the "investor" accepts from his discount broker....
never was required to do this even with msdw full service, as the equity position which is real, over rides the strike calculation used by your brokerage.
if i have a call i want to exercise, in which the underlying has doubled in price, it is a seamless transaction to sell half the position and exercise the balance, no margin, no cash, no nothing, as it is fully collateralized by the underlying.
just another way the discount brokers cover them self....seems like dreyfus doesn't mark to the market and fully value your account!
as long as i have min 150k in the account, or a third party documentation of 400k liquid net worth, my broker is secure in my transaction...
please examine the logic or lack of same in the dreyfus position....you have to "pay" to exercise!!!!! why????? they don't recognize the conversion value????
guess they are used to you "paying".......my broker more used to me being "paid"!!!! |
