Daffodil , great thread. MRSTOCK just increased their margin requirements this week - and they are much more specific now with regard to various option strategies. Here are a few:
Long Stock Purchases and Positions Greater of:
50% of cost, or;
The lesser of $3.50 or 100% of cost
Greater of:
30% of CMV, (current mkt value) or;
the lesser of $2.50 or 100% of CMV
At least 40% of CMV if a concentrated account
Long Equity LEAPs 75% of cost
(LEAPs used as part of a spread or other hedged position are not marginable)
75% of CMV, or;
100% if the options have less than 275 calendar days remaining to expiration
Short Uncovered Equity Calls Proceeds received plus the greater of:
25% of underlying stock less OTM, or;
15% of stock price, or;
$500
Account worth must exceed $25,000 when sell order is placed 100% of CMV plus the greater of:
25% of underlying stock less OTM, or;
15% of stock price, or;
$500
Uncovered Equity Puts Proceeds received plus the greater of:
25% of underlying stock less OTM, or;
15% of stock price, or;
$500
Account worth must exceed $15,000 when sell order is placed 100% of CMV plus the greater of:
25% of underlying stock less OTM, or;
15% of stock price, or;
$500
Short Straddles & Short Strangles The greater of:
the initial requirement on the short put or short call, plus the proceeds received for the other side, or;
Account worth must exceed $25,000 when sell order is placed The greater of:
the maintenance requirement on the short put or short call, plus the CMV of the other side, or;
$1,000
Covered Writes Greater of:
50% of the stock price less the call proceeds, or;
30% of the lesser of the strike price or purchase price
30% of the lesser of the stock price or the strike price |
