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I'm new to Margin altogether and need some help. Here are my numbers:

Total Margin Requirements      $0.00
Total Margin Equity          $190.68
Adjusted SMA                 $205.34
Maintenance Excess           $190.68
Non-Margin Purchasing Power  $190.68
Margin Purchasing Power      $410.68

Every time I attempt to make a trade (selling a put option), it won't let me. I'm with E*Trade.

1 Answer 1

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From their Margin Requirements support page:

*To place a naked equity put trade (Level 3) or any Level 4 trade, you must have equity of at least $5,000 in your margin account. Additional orders may not be accepted if their execution would reduce your equity below $5,000.

So I would ask their support to be certain, but it seems you need at least Level 3 options permissions and $5,000 in your margin account, plus any margin requirement for the put itself.

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  • Correct. and the pop-up states exactly that - 5000 min - when you try to trade.
    – Aganju
    Commented Feb 2, 2022 at 20:07

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