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Re: btm post# 33723

Saturday, 07/11/2015 4:44:18 PM

Saturday, July 11, 2015 4:44:18 PM

Post# of 49370
From TDAmeritrade:

A maintenance requirement of 100% is needed for all short stocks trading from $2.50 to $5 per share.

https://www.tdameritrade.com/retail-en_us/resources/pdf/AMTD086.pdf

On Etrade:

Short Sales with Stock Price: Below $3.00/Share

The greater of $2.50/Share or 100% market value

The greater of $2.50/Share or 100% market value

https://us.etrade.com/e/t/estation/help?id=1302010000

The old go to broker for shorting pennys - SureTrader:

There are also increased margin requirements when shorting low priced stocks. The minimum requirement is $2.50 per share on shorts, so if you short a stock trading under $2.50 a share you still will be held to the increased requirement of $2.50 per share. Stocks trading between $2.50 and $5 will be held to 100% requirement on shorts. Stocks above $5 per share will be held to a minimum requirement of $5 per share and then the regular short requirements thereafter.

I hope you now understand that shorting a sub-penny is for penny stock pumpers only.

IG

It's easier to fool people than to convince them that they have been fooled

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