Marty - I have ZRAN & VOXW in my account, both of which appear on the trigger list.
VOXW (100%) has been in there awhile, but ZRAN (65%) is a relatively new position.
I had noticed in the past - before ZRAN - that as the equity increased, the available margin would appear to increase at a 2 for 1 rate. (VOXW has been in there awhile.)
Since ZRAN appeared, the available margin has stopped keeping pace with account appreciation.
I'm guessing that the margin requirements as stated do not apply to the account as a whole, but only to the portion of equity represented by a particular issue. For example, the VOXW position, with its 100% requirement, represents itself as a cash position, even though it's in the margin side. If I were to close the position, suddenly twice the proceeds would show up as available margin.
The ZRAN position itself is probably 65% paid for. That model seems to explain the behavior of my margin balances -
The adding of the ZRAN position didn't suddenly trigger a margin call for 15% of the account value.
The way the thing reads is confusing - it seems to say that if one of the trigger issues is in your account, the margin percentage for the account changes to the indicated number. I seem to be experiencing that the percentage only applies to the equity represented by a particular issue.
Please advise me if I'm mistaken on this.
Thanks, and Regards,
M.J. |
