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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: Soumen Barua who wrote (1205)11/19/1999 11:06:00 AM
From: Soumen Barua  Read Replies (2) | Respond to of 11513
 
Buy 10 at market to open

PS: The quote from globex is 1424 but that could be delayed (use the current quote for calculation). I just included it here so that at the end of the day it would help me to post the summary for the day.



To: Soumen Barua who wrote (1205)11/19/1999 4:23:00 PM
From: Bull RidaH  Read Replies (2) | Respond to of 11513
 
Soumen,

Each contract you have open requires at least $25,000 in your account to hold it overnight, and at least $12,500 in your account to hold it for a day trade that is closed by 4:15pm EST. So based on your 11/18 closing balance of $386K+, you could have 15 contracts open overnight, or as many as 30 open intraday.

Regards,

David


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