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Strategies & Market Trends : Margin Calls - Share The Pain
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To: daffodil who wrote (106)12/4/2000 7:13:19 AM
From: daffodil  Read Replies (1) of 158
 
If you are an active trader, or if you are using options strategies, get in the habit of calculating the margin requirements on your account from day to day.

Ask whether your firm can send you a "margin money line" (they may call it something else) to show you the margin status of your account on a particular day. Then you can sit down with it and go over the calculations shown, and compare them to the discussion on this thread until you're satisfied that both you and the firm are making the calculations correctly.

Then keep your own running day-to-day margin money line of your account, either on a spreadsheet or on a piece of paper. That way, when a telephone rep tells you that there's no way that you have enough SMA and equity to do a short straddle, you can walk through the calculation with them to find their error or your error.

Whether you're dealing with an online or a full-service firm, try to get a printout of what they're looking at any time they tell you that a particular strategy either is or isn't okay.

If find yourself in an unexpected Reg T or maintenance call, get a printout and keep trying to talk to someone at a higher level until you get someone who can fully explain why you are in a call.
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