Broker Detective Blog

Shhhhh asked:


is the difference between the 2 strikes… so for instance buy $37.50PUT, sell $40PUT… Margin required is $250 per contract.

Assuming the above is correct… How does the debit spread work? Assume instead of taking the above position as a credit put spread, I chose to do a Bull Call spread, buying the $37.50CALL and selling the $40 CALL. for a net debit of $1.45…

Is there a margin requirement in that case? and if yes what would it be?

Thank you all

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forced asked:


I have been in the stock market for about 15 years. I’ve been through about five or so brokers in those years. The one thing that bothers me is these people call themselves advisers of my money,but to this day I’ve never received one phone call when things were going bad or good in the market. Am I asking to much from sombody I pay to hold my money? If sombody has a good one that takes care of them I’d appreciate some help, thankyou.

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Richard S. from Vermont asked:


This way, you will never get a margin call.

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mrlexington asked:


Can I deduct the broker’s fees from stock profits when I file my taxes? Do I simply subtract the broker’s fees from the gross profit? Thanks.

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flintguy49 asked:


Have the Govt hire the unemployed, that go out of style? Or are stockbrokers and bankers the only only ones that need to have a job?

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SG asked:


We are having a bad-taste New Years Eve fancy dress party and I would like to be topical and represent the negative effects of the recession in my costume. Im thinking of things like stockbroker who has lost all his money and is driven to suicide, father who loses job and wife leaves him, etc.
Please do not answer if you are going to tell me that what I want to achieve is in poor taste - that is the point.

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Tanya asked:


A lot of the wealthy people are moving their money out of the US , that what my stockbroker is advising me to do,
Expect the” big crash”, !
It is down now over 750 points since Obama got the nomination,
almost as bad as after 9/11!

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Mark M asked:


I am a mortgage broker and have been since 2001. I have a masters degree in Finance and not only know how to do loans, but I truly believe in “customer service and fairness.”
My question is this; is it fair for me as the mortgage broker to charge $995.00 on the front as my broker fee, $0.00 in YSP, and give the borrower the lowest possible rate? I have been doing this for several months now, but really wondered if people really do care about fees. Yes, I want to continue to make a living in this business, but the last two months I have closed 6 loans each month, but after my split with my company, I take home $1500 a month. I won’t last long if I keep this up….any suggestions????

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JONNY B asked:


$2000 is required to have a margin account but what happens if my account falls below $2000 or if i use all of my cash balance to buy otcbb securities (non-marginable securities)

would i get a margin call?

& if i decide i no longer want to have a margin account can i just switch back to a cash account?

(if there is anything that u think i should cautious of b4 opening a margin account pls tell)

thanks

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