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Strategies & Market Trends : Margin Calls - Share The Pain -- Ignore unavailable to you. Want to Upgrade?

To: daffodil who wrote (103)	12/4/2000 12:46:53 AM
From: tekboy	Read Replies (1) \| Respond to of 158

FYI, here are Schwab's maintenance requirements for various stocks... tekboy@yeathoughIwalkthroughthevalleyoftheshadowofdeathitwillendsoonIhope.com In response to the recent volatility of certain stocks, the margin maintenance requirements for the stocks listed below are now subject to either a 50%, 60%, 70%, or 80% maintenance requirement. We want to ensure that your account maintains sufficient equity to cover large price movements in these particular stocks. Maintenance requirements may change without notice. Trades in these stocks should be placed with the new requirements in mind. The Buying Power for these stocks can be derived by accessing Buying Power Detail in the Balances screen and dividing the non-marginable securities balance by the applicable maintenance requirement. The following stocks are now subject to the new 80% maintenance requirement: For securities with a 80% maintenance requirement, the buying power is equal to the non-marginable securities buying power balance divided by .80. AGIL Agile Software Corp MKSI MKS Instruments Inc ARBA Ariba Inc. MLTX Multex.com Inc. ATGN Altigen Comm. MMXI Media Metrix Inc. ATHY Appliedtheory Corp. MPPP MP3.com Inc. AXNT Axent Tech Inc. MRBA Marimba Inc. BBI Blockbuster Inc. NASC Ntwrk Access Solns BNBN Barnesandnoble.com NETE Netegrity BRCD Brocade Comm. NETP Net Perceptions Inc. BRNC Braun Consulting NPLS Network Plus Corp BWEB Backweb Tech Ltd NTIQ Netiq Corp CMGI CMGI Inc. NTRO Netro Corp CPTH Critical Path Inc NTSL Netsolve Inc. DIR DLJ Direct ONXS Onyx Software Corp DRTN Data Return Corp. PCLN Priceline.com Inc. DSCM Drugstore.com Inc. PCSA Airgate PCS Inc. ETYS Etoys Inc. PCTI PC-Tel Inc. FCOM Focal Comm Corp PDYN Paradyne Ntwrks Inc. FDRY Foundry Ntwrks PRSF Portal Software FFIV F5 Networks Inc. QSFT Quest Software Inc GNET Go2Net Inc. RBAK Redback Ntwrks Inc. GSPN Globespan Inc. RDWR Radware Ltd HLTH Healtheon/Webmd RHAT Red Hat Inc. HOOV Hoovers Inc. RTHM Rhythms Netconn Inc IACT Interact Commerce Grp SBAC SBA Comm Corp ICCI Insight Comm Inc. SCMM SCM Microsystems ICGE Internet Capital Group SCNT Scient Corp IN Infonet Services Corp SMDK Smartdisk Corp INIT Interliant Inc. TENF Tenfold Corp INSW Insweb Corp TMWD Tumbleweed Comm ISLD Digital Island Inc. TSCM Thestreet.com Inc. ISPD Interspeed Inc. VERT Verticalnet Inc. JNPR Juniper Networks VIAN Viant Corp JPTR Jupiter Comm Inc. VNTR Ventro Corp. KANA Kana Comm VSTR Voicestream Wireless LAUN Launch Media Inc. WCG Williams Comm Grp LOAX Log On America Inc. WITC WIT Capital Grp Inc. LQID Liquid Audio ZDZ Ziff-Davis Inc - ZDNet MIHL MIH Ltd The following stocks are subject to the 70% maintenance requirement: For securities with a 70% maintenance requirement, the buying power is equal to the non-marginable securities buying power balance divided by .70. ABIZ Adelphia Business Solutions ICIX Intermedia Communications, Inc. ACTP Action Point IGEN IGEN International Incorporated AEIS Advanced Energy Ind. IGLD Internet Gold ALKS Alkermes ITRA Intraware AMTD Ameritrade ITRU Intertrust Tech AMZN Amazon.com KTEL K-tel ARMHY Arm Holdings Plc ADR LBRT Liberate Tech ARTG Art Tech Group Inc MCRE Metacreations Corp BAMM Books-A-Million MKTW Marketwatch.com BRCM Broadcom NCNT Netcentives BYND Beyondcom Corp NTPA Netopia CLRS Clarus Corp NYFX Nyfix CMNT Comp Network Tech ONT On2.com Inc CMRC Commerce One Inc OPWV Openwave Systems Inc CYBX Cyberonics Incorporated ORCT Orckit Communications Limited DBCC Data Broadcasting PCNTF Pacific Internet DCLK DoubleClick PWAV Powerwave Tech, Inc. DIG Disney Walt Internet Grp RETK Retek Inc DIGE Digene Corporation SABB Pacific Cap Bancorp DIGL Digital Lightwave Inc TRLY Terra Networks EBAY eBay TTP Titan Pharmaceuticals, Inc. EGGS Egghead.com New VIGN Vignette Corp EGRP E-Trade VLNC Valence Tech EPNY E.Piphany XLA Xcelera.com Inc EXDS Exodus Comm XTND Extended Systems EYE VISX Inc. YHOO Yahoo! FIBR Osicom ZONA Zonagen FLCG Frontline Capital Group The following stocks are subject to the 60% maintenance requirement: For securities with a 60% maintenance requirement, the buying power is equal to the non-marginable securities buying power balance divided by .60. ABSC Aurora Biosciences JNIC JNI Corp ADLT Advanced Lighting Technologies, Inc. LYNX Lynx Therapeutics ALXN Alexion Pharmaceuticals, Inc. MANU Manugistics Group Incorporated CBST Cubist Pharm. Inc MEDX Medarex CLPA Cell Pathways MYGN Myriad Genetics Incorporated DITC Ditech Comm NBIX Neuorcrine Bios Inc ELON Echelon Corp NEWP Newport Corporation EMKR Emcore Corporation NGEN Nanogen Inc EMT Embratel Part.- ADR NPSP NPS Pharm Inc ESCM ESC Medical Systems Limited PMCS PMC - Sierra Inc GENXY Genset QCOM Qualcomm Inc. GLGC Gene Logic Inc QLTI QLT Phototherap GUMM Gumtech Inter Inc RZYM Ribozyme Pharm Inc HGSI Human Genome Sci. SCLN Sciclone Pharm Inc HHH Internet Holding Trust SEPR Sepracor HTCH Hutchinson Technology, Inc. SKM SK Telecom - ADR IDX Indentix Incorporated TKTX Transkaryotic Therap IMGN Immunogen Inc UTHR United Therap IMMU Immunomedics Inc VGIN Visible Genetics IN Infonet Services Corp VITR Vitria Tech INCY Incyte Pharm. VRTL Vertel Corp ISIP Isis Pharm Inc WSTL Westell Technologies, Inc. JDSU JDS Uniphase Corp The following stocks are subject to the 50% maintenance requirement: For securities with a 50% maintenance requirement, the buying power is equal to the non-marginable securities buying power balance divided by .50. ABGX Abgenix Inc LATD Latitude Comm Inc ACTU Actuate Corp LCCI LCC Inter Inc ADIC Advncd Dig Info Corp LGTO Legato Systems ADTK Adept Tech Inc LINK Interlink Elect Inc ADVP Adv Paradigm Inc. LTBG Lightbridge Inc AFFX Affymetrix Inc LTNX Litronic Inc ALGX Allegiance Telecom Inc LVCI Laservision Centers ALLR Allaire LVEL Level 8 Systems ALSI Advantage Learn Sys LWIN Leap Wireless Intl Inc AMCC Applied Micro Circuits MACR Macromedia AMES Ames Dept Stores MANH Manhattan Assoc AMK Amer Tech Ceramics MATK Martek Biosciences ANSR Answerthink Consult MDEA Media 100 Inc AOL America Online MDSI MDSI Mobile Data Solutions, Inc. APHT Aphton MERX Merix Corp APWR Astropower Inc MFNX M.media Ntwk-A ARDM Aradigm Corp MICT Microcell Telecomm ARTC Arthrocare Corp MIPS MIPS Technologies Incorporated ARTI Artisan Comp Inc MLNM Millenium Pharm ARTT Advncd Rad Tel Corp MNMD Minimed ARXX Aeroflex Incorporated MOGN MGI Pharma Incorporated ATHM At Home MPWR Mpower Comm AVGN Avigen Inc. MRVT Miravent Med Tech AVIR Aviron MSTR Microstrategy Inc. AWRE Aware MTIC MTI Tech Corp. AXTI Amer Xtal Tech MUSE Micromuse BCRX Biocryst Pharm. Inc. MVSN Macrovision BEAS BEA Systems Inc MXT Metris Companies BELFB Bel Fuse Inc - Cl B MXWL Maxwell Tech Inc BFCI Brauns Fasions NANO Nanometrics BGEN Biogen Inc. NBCI NBC Internet Inc. BRIO Brio Technology Incorporated NESY Neon Systems BRKT Brooktrout Inc. NETO Netobjects Inc BRW Broadwing Inc. NITE Knight/Trimark BSQR BSquare Corp NMSS Natural Microsys Corp BVSN BroadVision NOPT Neon Comm Inc CACS Carrier Access Corp. NOVT Novoste Corp CAIR Corsair Comm NPNT Northpoint Comm CAMD Cal Micro Devices NSTA Anesta Corp CBSI Complete Bus. Solu. NTAP Network Appliances CCBL C-COR Electronics Incorporated NTCT Netscout Sys Inc CCRT CompuCredit NTEC Neose Technologies CELG Celgene Corp ODETA Odetics Inc CHBS Christopher & Banks OMKT Open Market CHCS Chico's Fas Inc OPMR Optimal Robotics Corp CHKP Check Point Software Tech Limited OTEX Open Text Corp CKFR Checkfree Hldngs Corp OVRL Overland Data Inc CLAC Clickaction OXGN Oxigene Inc CLKS Click2Learn.com OYOG Oyo Geospace Corp CLRN Clarent Corp PALM Palm Incorporated CLSR Closure Med Corp PCOM P-Com Inc CLTK Celeritek Inc PCYC Pharmacyclics CLTR Coulter Pharm Inc PETM PetsMart CLZR Candela Corp. PHTN Photon Dynamics Inc CMTL Comtech Telecomm PILT Pilot Net Services CMTN Cooper Mt Ntwks Inc. PIXR Pixar CMTO Com21 Inc PLMD Polymedia Corp CNET Cnet PLXT PLX Technology Incorporated CNXT Conexant SYS. Inc. PNJA Panja Inc COF Capital One Fin PRCM Procom Tech Inc CORL Corel Corp PROX Proxim CPRK Caprock Communications Corp. PRTL Primus Telecom CREE Cree Inc. PSDI Project Software & Development CRGN Curagen Corp PSIX PSInet CRPB Cerprobe Corp PUMA Puma Tech. Inc. CRXA Corixa Corp PVN Providian CSCC Centerspan Comm Corp PVSW Pervasive Software CSTR Coinstar Inc. PVTL Pivotal Corporation CTSH Cognizant Tech Sol PWER Power-One CTXS Citrix Systems QLGC Qlogic Corp. CUSM Cuseeme QRSI QRS Corporation CVSN Chromavision Med RADS Radiant Systems CVTX CV Thererapeutics Inc REFR Research Frontiers CYCL Centennial Cell REMC REMEC Incorporated CYGN Cygnus Inc RFMD RF Micro Dev, Inc. CYTC CYTCY Corp RITT RIT Tech LTD DATM Datum Inc RMBS Rambus DIOD Diodes Inc RMTR Ramtron Inter Grp DISH Echostar Comm. RNWK Realnetworks DMRK Damark Inter Inc ROBV Robotic Vision Sys DRAM Dataram Corp ROIA Radio One Incorporated DSET Dset Corp ROS Rostelecom - ADR DSTM Datastream Sys Inc RSC Rex Stores Corp DTLK Datalink Corp SAPE Sapient Corp DTPI Diam Tech Ptnrs Inc SCAI Sanchez Comp. Assoc. DUSA Dusa Pharm SDLI SDL Inc EAII Engineering Anim. SEAC Seachange International, Inc. EFNT Efficient Ntwrks Inc SGAI Smith-Gardner ELIX Elec Lightwave - Cl A SGNT Sagent Tech Inc ELNK Earthlink Networks SHOO Steven Madden LTD EMIS Emisphere Tech Inc SHRP Sharper Image EMLX Emulex SIPX Sipex Corporation ENER Energy Conversion Dev SLNK Spectralink Corp ENTU Entrust Tech SNDK Sandisk Corp EPAY Bottomline Tech SOFO Sonic Foundry Inc EWBX Earthweb SONE Security First EXAP Exchange Applications SONO Sonosite EXCA Excalibur Tech SPCT Spectrian Corp EXTR Extreme Ntwrks Inc SPLH Splash Tech Hold EZEN Ezenia Inc SPLN Sportsline USA FATB Fatbrain.com SRCM Source Media FCGI First Consulting Grp SRNA Serena Software Incorporated FEI Frequency Elect Inc SSPE Software SpectrumV FEIC FEI Company STGC Startec Global Comm FFTI 4Front Tech Inc SWCM Software.com Inc FLSH M-systems Flash DP TALK Talk.com Inc FNDT Fundtech Limited TDR Tricom SA - ADR FSON Fusion Medical TERN Terayon Comm GADZ Gadzooks Inc TGLO theglobe.com GBBK Greater Bay Bancorp TGNT Teligent GEEK Internet America THQI THQ Inc GEMS Glenayre Tech Inc TIVO Tivo Inc GLIA Gliatech TLCM Telcom Semicond GNSS Genesis Microchip TLGD Tollgrade Comm GWRX Geoworks Corp TMCS Ticketmaster HAUP Hauppauge Dig Inc TMIC Trend Micro HHGP Harris & Harris Grp TQNT Triquint Semicond Inc HIFN HI/FN Inc. TROY Troy Group Inc HLIT Harmonic Inc TTIL TTI Team Telecom HOTT Hot Topic Inc TUTS TUT Systems IBIS IBIS Technology TXB Texas Biotech Corp ICOS Icos Corp. TXCC Transwitch IDCC Interdigital Comm Corp TZA TV Azteca Sa De CV IFCI International Fibercom UGS Unigraphics Sol Inc ILOG Ilog SA- ADR ULTE Ultimate Elect Inc IMCL Imclone Systems UNFYE Unify Corp IMCO IMPCO Technologies URBN Urban Outfitters Inc IMG Intermag Gen Corp USIX USInternetworking Inc IMNX Immunex VIP Vimpel-Comm - ADR IMRS IMR Global VNWK Visual Networks INFY Infosys. Tech.-SP ADR VOCL Vocaltec Comm LTD INKT Inktomi VPHM Viropharma Inc. INPH Interphase Corp VRSN Versign INSP Infospace.com VRTA Virata Corporation INTZ Intrusion.com VRTS Veritas Sftwr Corp IREG Info Resource Eng VRTY Verity Inc IRM Iron Mountain Incorporated VSAT Viaset Inc ISSI Integrated Silicon Sol VVTV Valuevision Intl - Cl A ISSX Internet Security Sys VYTL Viatel ITIG Intelligroup Inc WCII Winstar Comm. ITWO i2 Technologies WFII Wireless Facilities KEI Keithley Instru Inc WIND Wind River Systems KERA Kera Vision WORK Workflow Manage KOPN Kopin Corporation ZOLL Zoll Medical Corp KOSP KOS Pharm Inc ZRAN Zoran Corp KSWS K-Swiss Inc

To: daffodil who wrote (103)	12/4/2000 7:01:00 AM
From: daffodil	Read Replies (1) \| Respond to of 158

What do we mean when we say "requirements?" For initial margin, it means the $ amount of cash or SMA that must be used to cover the Reg T call. Remember that, for short options, you calculate the requirements just as we did in the previous example. Your Reg T call is equal to the requirements. Then you subtract the premium received from the sale from the Reg T call to determine the final amount of cash or SMA to be used. For maintenance margin, the requirements are the amount of equity you need to support that position. In calculating maintenance margin, you must do it separately for each type of position. For example, assume that the firm has a 30% maintenance requirement with 100% margin requirement on stocks under $4.00. Add up all of your long stocks over $4.00, and determine your requirement by multiplying by 30%. Add up all of your long stocks under $4.00, and determine the requirement at 100%. For short sales, determine the requirement. For bonds, determine the requirement. For long options, add them up and determine the requirement at 100% (remember to do it separately at 75% for LEAPS over 9 months, provided that your firm uses this calculation). For nakeds, determine the requirement on each individual position. Finally, add up all of the requirements calculated above and compare the total to your account equity. Remember to adjust your equity to value all covered calls at the lower of strike or market value, and to disregard all short and long options premiums in calculating equity. If your requirements exceed your equity, you will receive a maintenance call.