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If you're working with Interactive Brokers (IB) you've probably seen the message that they will raise the margin requirements in light of higher uncertainty around the U.S. elections. I keep way more than $100k per short SPX put, so it doesn't really impact me if the margin requirement goes from ~$25k to over $30k. But it's something to monitor! Especially if you work with tighter equity cushions and you just let the old contracts expire. (which creates a temporary margin crunch)
I hope the tighter margin requirements will not create any "OptionSeller disasters"! 🙂
I need to switch from TD Ameritrade, since I need ~60k of margin for 100 points OOM naked put sale on a single SPX contract.
Strangly 2 of the e-minis (same exposure as 1 SPX) only takes 22k of margin.
I didn't really understand their email. Are they slowly ratcheting up the margin requirements each day?
@bob-jane When the election is sorted out. There are still legal challenges coming. Including a challenge to the PA results already at the Supreme Court. We shall see...