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by drtillberg
2198 days ago
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The explanation in the article is reassuring and all that, but even still RH was allowing $700k+ margin on a $16k account. Maybe they feel the risk is low for covered-options writing-- and justifiably. However, last I checked (some time ago) a purely cash account would have required literally $700k+ to execute this trade. Because, you know, stuff happens. |
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