Margin Calls - Share The Pain Message Board

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Strategies & Market Trends : Margin Calls - Share The Pain

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To: George the Greek who wrote (28)	11/30/2000 10:03:45 PM
From: daffodil	of 158

IMO, on-line accounts should have a calculator or spreadsheet or some such evaluation tool to aid in making the computation more transparent Isn't it amazing that they don't???? Even though this can all be done by computers, you would be shocked by the amount of manual intervention that is still involved in calculating margin at online firms. Here's a suggestion: come up with a hypothetical strategy (short straddles are really good) and call your firm to ask whether you have enough SMA to do the strategy. Keep calling until you find the person who really seems to understand it. Thank the person who mumbles, "well, your buying power is....." and hang up. When you find the real Margin Maven, get his or her name, plead with them to give you their direct line, send them Godiva Chocolates, Omaha Steaks, anything to make them "your" margin rep forever.

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