With the recent renovation works at Vilgale apt I'm facing a huge cash drag - all free money is spent and renovation is not close to the end. As I don't have many places left to look for cash I'm looking to take out some profits I've made in the stock market.
As I have a negative cash balance there too, I cannot withdraw any funds yet. Which is a shame. I got some issues with the contractors and had to replace them with new ones. As we are just looking to start our collaboration for this week I need some EUR 2,000 at least to get started with new renovation guys
Negative cash balance March 22, 2021
I'm not sure how does the withdrawals at Interactive Brokers work, are there some algorithm or there are some specific rules, but despite I have a huge buying power and decent available funds, I can withdraw EUR 0
In the past, I have been able to withdraw funds even if I have a negative cash balance at brokers. I've sent this question to the broker but never have got a reply.
So for this week, I've decided to close my negative cash gap by at least USD 4699. That much negative USD I've at my account
And I will do it, by selling off some stock and of course adding new trades. Here are stocks I'm looking to sell this week: 100 SOLO, 100 LI, and 100 SDC.. Combined these stocks should give at least $4,100 cash. The rest should be taken selling options premium.
From selling credit spreads / covered calls this week I'm looking to take about $700-$1000, which would average at around $140-$200 daily.
Hope that by the end of the week I will be able to withdraw from my broker account at least EUR 2,000