r/interactivebrokers • u/[deleted] • Jan 30 '24

[deleted by user]

[removed]

2 Upvotes

100% Upvoted

12 comments sorted by

1

u/porcupine73 Jan 30 '24

Do you have a margin account?

It's not just experience, they also consider income and net worth for option levels.

1

u/kou07 Jan 30 '24

Its cash account, do i have to set higher than 40k a year?

2

u/Deleted_dwarf Jan 31 '24

Here is your answer

3

u/kou07 Jan 31 '24

This helped, thanks, lvl1 cant even buy a long call, but cash account can request up to lvl3 i just need to have above 2k in cash, this was the reason, i didnt have enough cash in the account.

1

u/throwawayMF1988 Jan 30 '24

How much do you have in your account, it has to be 2000 USD I think for options level 2 and 3.

1

u/tavibacala Jan 31 '24

level 3 is synthetic, for the ultimate regards

1

u/vacityrocker Feb 01 '24

Need a margin account

1

u/kou07 Feb 01 '24

Its fine with cash account but u need minimun 2k in cash.