What is Post Expiry Excess (Predicted)?

Overview

The majority of all liquidations occur due to margin violations. There are two main types of margin violations that apply to margins accounts, Maintenance Margin and Reg. T Margin…

Background

• In addition to the policy of force liquidating client positions in the event of a real-time margin deficiency, we will also liquidate positions based upon certain expiration or corporate action related events which, after giving effect to, would create undue risk and/or operational concerns. Examples of such events are outlined below…

IBKR's option Expiration Exposure monitoring can liquidate positions based upon certain expiration or corporate action related events which, after giving effect to, would create undue risk and/or operational concerns. The Post Expiry Excess (Predicted) amount in the Account Window is calculated using the projected maintenance requirements of the positions predicted to be in the account after expiration. If the Post Expiry Excess (Predicted) number is positive, then the account is projected to be margin compliant after the expiration. If the Post Expiry Excess (Predicted) number is negative, then the account is projected to be in a maintenance margin deficit after expiration…

The Post Expiry Excess is a projected value of your Excess Equity after taking into consideration the effect of option contracts expiring over the next 3 days. Here, maintenance margin is projected on the assumption that expiring option contracts which are in-the-money will be exercised and delivery taken and contracts that are out-of-the-money will expire worthless…