What is a Futures Margin Call? (FM)
A Futures Maintenance call (FM) is issued when the equity in the futures account is less than the margin requirement. In other words, your account does not have enough to money to cover the maintenance requirement (or overnight requirement) to hold your current future(s) position(s).
Margin Call (Deficit) Amount
When issued an FM call, the original amount referenced in the email from our margin team is determined by the settlement value at the previous day's close. Seeing negative options buying power amount when holding a futures position is typically indicative of an FM call. It is possible for the margin deficit to change intraday due to price movement. Your account must maintain a margin surplus (positive options buying power) for the FM call to be considered met.
How to Meet
Futures Margin Calls are typically due T+1 from the day that they are issued. This means that a futures margin call must be met the following day or tastyworks reserves the right, not the obligation to close the position.
- Cash deposit: ACH or Wire transfer
- Depositing securities
- Market appreciation
- Closing position(s) to generate sufficient margin release
If you plan to meet the call using any of the methods listed above, then please let our margin team know by writing to firstname.lastname@example.org.