I ma in the DEMO account and I set-up a 2 leg options trade for AMZN. Got notification "This symbol is not supported on Tiger Trade Desktop Demo Account".
I am in the DEMO account and I set-up an options trade with 3-4 legs and I am seeing the notificaiton "The Prime Account does not currently support this trade on Tiger Trade Desktop".
I am new to options and trying to understand the concepts and also how options work on tiger brokers as mine is a small account. I heard tiger brokers settles stock options in stocks and index options in cash. I just want to understand how things work. Say, I put up a trade with following legs: BUY 1x 395.00 CALL (premium = $ 26.43) SELL 2x 385.00 CALL (premium = $ 30.50) BUY 1x 375.00 CALL (premium = $36.00) At the outset, this will be a - $ 143 (-2643+3050+3050-3600). This is a small amount. My small account can afford this. Q1: Is only 143 taken from the account or is it only settled at expiry or when trade is closed. Q2: Any other margin requirements to put the trade on? If at expiry, the price is $ 370 (below all the strikes), then all calls are worthless and you loose $ 1
Regarding Tesla AI day......automation / robotics in manufacturing is not new.......will be interesting to see what Tesla brings to the table for manufacturing automation......
Catalyst Watch: Tesla AI Day, Amazon Product Event, JetBlue Trial and Nike Earnings
Sincen R-squared was mentioned, I am assuming change in interest rate cannot account for all the movement in the stock market.......so it seems any news event is probably an opportunity for big players to move markets to levels they want......more impact in options market as prices may not recover before expiry......
If You're Selling Stocks Because the Fed Is Hiking Interest Rates, You May Be Suffering From “Inflation Illusion”