Community Discussions
Explore the latest discussions and community conversations related to this domain.
Is Money box a good cash ISA option? : UKPersonalFinance
Main Post: Is Money box a good cash ISA option? : UKPersonalFinance
Uber Eats Option to "Give Money" to Store : mildlyinfuriating
Main Post: Uber Eats Option to "Give Money" to Store : mildlyinfuriating
Better option to receive money: Wise or Revolut? : eupersonalfinance
Main Post: Better option to receive money: Wise or Revolut? : eupersonalfinance
Stop giving me money. when i choose the option to reject the payment stop giving it to me!!!!!!
Main Post:
there are couple of missions like that. but this one "charity of the wolf" at the end they give me money twice. wtf.
Top Comment: there are couple of missions like that. but this one "charity of the wolf" at the end they give me money twice.
Exercising or selling an in the money option close to expity
Main Post:
I have a bull spread on SBUX with the lower leg which is ITM. The option expires in 4 days. Should I sell it or exercise it. If I exercise it with the idea of immediately selling the stock, do I still need to have enough cash in the account to pay for it?
My account is not in margin, but I do not currently have enough cash to exercise the option. Will that be a problem?
Edit: the title should say ITM but it autocorrected
Top Comment:
Normally I would say to short the stock at market close on day of expiration to cancel out your new position, but you can't do that on a non-margin account.
Yes you would need enough cash to exercise. I believe that in your situation, IB is going to sell the option for you during market hours just before expiration unless you manage it yourself.
Managing it would mean to sell the entire spread, not just the ITM long call. If you sell the long call but keep the short call you're going to be in margin trouble. So realize that you're going to have to pay 2 commissions here.
Need hard money option
Main Post:
Borrower did a fix n flip purchase at the beginning of 2023. Renovations went way over budget. They financed repairs with credit cards which tanked their score. 588 currently, owe $158k with a recent (shitty) appraisal for $278k. 2-unit property. The purchase appraisal subject to renovations was $376k.
Any hard money options to take out that fix n flip loan? They are hassling her to get paid off...had a file set up with that would have worked, no credit or income requirements, just need to be at 50ltv but appraisal killed that one.
Top Comment: This would be a last resort but ACRA used to do 575 FICO on their DSCR program so you may be able to get an exception. I think cake mortgage may as well (absolute last resort lol)
Exercising an Out-of-The-Money option
Main Post: Exercising an Out-of-The-Money option