ACADIA Pharmaceuticals Inc (ACAD) Message Board

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Biotech / Medical : ACADIA Pharmaceuticals Inc (ACAD)

ACAD 25.04

+0.9%

Nov 28 9:30 AM EST

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To: dr.praveen who wrote (398)	3/20/2007 2:14:34 PM
From: Ian@SI	of 588

You and Tuck have convinced me. I'm now out. Besides for the past 2 weeks TD has been politely, and sometimes not so politely, asking me to cover my margin deficit. I've learned how asinine their method of calculating margin requirement for naked puts is. Premium PLUS 30% of the assigned value of the underlying. If out of the money, then that amount is reduced by 30% of the amount it's out of the money. I'd thought it was PREMIUM only for out of the money Puts; and got nailed when IVs went up while prices went down. Even though I had sufficient cash to buy back all my PUTs twice over, they still hastled me to cover. Are other brokers this nasty???

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