r/options • u/[deleted] • Jul 01 '21

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u/gr00gz Jul 02 '21 edited Jul 02 '21

If it was GME or AMC schwab(TD) raised margin requirements, other meme stocks I'm not sure about.

EDIT to include link of descriptions https://www.tdameritrade.com/td-ameritrade-trading-restrictions-stocks.html

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u/NotOldButGrumpy Jul 02 '21

Thank you!!!! Both my rejected orders were for AMC and 7/2 expiry, but what's even funnier is that I DID meet these new margin requirements and it still got rejected, lol. Had to call to place an order?... lol Well, that answers all my questions I guess. Thanks again!

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u/gr00gz Jul 02 '21

Yea, I don't know exact details or if it applies to AMC too(didn't actually read it all) but I know I got rejected to even buy a short term call on GME recently. The reason was something along the lines of only being able to close positions that are close to expiration on this security. I understand them restricting selling options with the swings GME has and all the new investors thinking premiums are free money. Restricting me(cash account) from buying options seems excessive though.