CCME-IB Margin Calls
Please be advised that due to the uncertainty surrounding the current trading halt in CCME stock, Interactive Brokers will be gradually increasing the margin requirements on CCME stock to 100%, beginning with a 20-percentage point increase (from 25% to 45%) effective after the close today. The full increase to 100% is expected to be implemented by next Tuesday, March 22.
Also, please know that due to the trading halt, the OCC has removed CCME options from automatic exercise in expiration processing and that if OCC becomes aware that the issues have been resolved, automatic exercise thresholds will be restored. Please review OCC memo #28559 for further information.
If you intend to exercise options in CCME you MUST submit a Web Ticket via the Message Center stating EXPLICIT instructions on what should be exercised.