Small Time Trading

[benchman]

Double beat down. So yesterday as I was selling ANY, and adding SAEX, TDA changed SAEX from 30% marginable to 0%. Basically treating them the same as a penny stock. In doing so, I went into a margin call. I own no marginable stocks now, so the only way to get out of this is to sell something or add funds.

The second beat was AMD. They reported earnings last night, and their forecast for next quarter was lower than expected. The stock is down $4-$5 now in pre market. Chances are those call options I just bought will be worthless. The sad thing, is at one point I owned 50 puts that expired on November 16th. The strike was 22. I sold them for a profit, but they would be worth at least $20,000 today.