Paul Oldani, Bill Sullivan, Trade Desk Manager Senior Margin Specialist Did You Know, #1 margin equity < $2000 = Aggregation Status Aggregation: The total of all day trades cannot exceed your starting day trade buying power Did You Know, #2 ACH Deposits Held for three business days before funds are available for trading Did You Know, #3 Receive a buying power or “suitability” warning when trying to close long stock? Confirm you do not already have an open order to sell the position. Did You Know, #4 At Expiration: Typically, traders must close all short sides of an iron condor/butterfly because requirements will exceed buying power. Did You Know, #5 Cash Accounts Can NEVER: 1. Short stock 2. Sell naked options 3. Trade option spreads (unless you are an IRA with a COA) Margin Accounts Can’t do “Everything” Did You Know, #6 Cash Accounts Are subject to settlement requirements. Did You Know, #7 Margin Calls May not always be satisfied on a dollar-for-dollar basis (when closing positions) Did You Know, #8 Selling (an option or spread) Cash will automatically be credited to your cash balance but reflected as a negative in your portfolio balance • Net change to account value = zero • Price from this point = profit (loss) on the trade Did You Know, #9 Equity Margin Calls Day-Trading Calls Did You Know, #10 “Last Price” Mid-point of NBBO (National Best Bid and Offer) Note: Our clearing firm uses the official OCC closing prices. This can cause discrepancies in account values. Did You Know, #11 Virtual Accounts • Trades will NOT be exercised or assigned • Quotes are delayed by 20 minutes (if “real” account is not funded) Did You Know, #12 1:00 pm CT Cutoff time for withdrawing funds on the platform (Note: Email and fax transactions are not guaranteed same-day processing) Did You Know, #13 There are new day trading requirements for option trades Check your message center for full details! Additional Questions? [email protected] Thank you! Note: OptionsHouse webinars are provided by OptionsHouse, LLC (“OptionsHouse”) for informational and educational purposes only and are not intended as trading or investment advice or a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. You are solely responsible for your investment decisions. Commentary and opinions expressed are those of the author/speaker and not necessarily of OptionsHouse. Neither OptionsHouse nor any of its employees, officers, shareholders or affiliated companies guarantee the accuracy of or endorse the views or opinions of guest speakers or commentators. Projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature and are not guarantees of future results. Any examples used that discuss trading profits or losses may not take into account trading commissions or fees.