Securities with increased margin requirements and trading strategy limits

The following securities have additional requirements in place, and we will not be extending margin credit on some trading strategies. This is part of our normal course of business in situations of unusual volatility. You can continue to place buy and sell stock orders, as well as some option strategies.

This list is as of August 2, 2021, 9:30 AM ET.   

All stocks are marginable (requirement = 100%).

Symbols: AMC

  • We may also implement additional requirements on opening trades on options that expire 8/6.

Symbols: GME

  • Short selling is not allowed at this time.
  • There are no additional requirements on long calls and long puts for these stocks.
  • Custom spreads are not allowed, but standard spread orders are. Spread orders allowed include: Verticals, Back/Ratio, Calendar, Diagonal, Straddle, Strangle, Covered Stock, Collar, Butterfly, Combo, Condor, Iron Condor, Vertical Roll, Collar with Stock, Double Diagonal and Double Calendar.
  • Opening orders on short individual options are not allowed with the exception of cash-secured puts or covered calls, which can be placed through a broker.
  • If you currently own stock in one of these securities and wish to sell a covered call, you can do so with a broker. Please be aware that wait times to speak with a broker could be longer than normal in volatile market conditions.
  • If you have no position and wish to simultaneously buy stock and sell calls against it, you may enter it as a covered stock (buy/write) order online.
  • We may also implement additional requirements on opening trades on options that expire 8/6.

Please keep in mind that additional security and strategy requirements can be added and may change at any time, without notice due to volatility or other market conditions.

Trading in Over The Counter (OTC) stocks

For clients interested in trading non-exchange-traded, Over The Counter (OTC) stocks, the industry is currently experiencing unusually high trading volume and third-party market makers currently may be delayed or in certain limited circumstances unable to complete trades in certain OTC stocks. Some market makers may reject unmarketable sell limit orders with a limit price far away from the stock price. For more information, please visit Company Statements | About Schwab.

Educate yourself on the risks

Trading in extremely volatile markets presents a number of inherit risks as securities may move quickly up and down. TD Ameritrade continues to be committed to helping investors better understand what can be behind these moves and how to navigate the market impacts.

Here are a few of the many educational resources we have available to you:

 

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