So I bought some call contracts on the margin for 2months… I didn't think about it but I kinda goofed and didn't realize how high the interest would be. At 11% it's nearly 14 dollars a day with what I'm borrowing… does that sound like it could be correct? 14 a day seems like a lot especially when the option is a few months contract if I stick with it the whole time. I don't think I'll margin options again if that's the case. I thought it was 11% a month but from what im reading it's percentage multipled by the leveraged amount divided by 360?
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