Option Strategies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Option Strategies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: FIFO_kid2	3/13/2023 10:47:31 PM
	Read Replies (1) of 2591

As a precaution to be on the safe side I moved a big chunk of money into the USFR etf today to make sure my cash position in my TD Ameritrade account was under the SIPC maximum for cash. So my put selling for now has limited funds to work with. I am not sure if the excess insurance carried by Ameritrade covers excess cash above the SIPC maximum because it is not spelled out in any disclosure. Why am I concerned? SCHW is now in technical default if they happen to get a bank run or account closures/transfers because they have 112B of 1.5% earning treasuries on the books classified as held to maturity at a loss greater than the firm's equity. If people do nothing and realize their annual operating expenses are much below this income they receive from these toxic bonds it isn't an issue but unfortunately I lost confidence in the sanity of pretty much everything today.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next