Hey all,
I wanted to ask you if you know a broker that would let you open option positions 10 or 5 minutes (or even 1 second before close) before expiration without having the buying power for it (by that I mean the funds needed to excercise the options).
I had a chat with an IB rep and he told me there’s nothing they will do about it because it’s their rule.
Example:
Let’s say I wanted to buy 100 put options of BABA with a strike of $167.5 expiring today (18th August 2017). At 3:48pm I…