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Russian and Belarusian Restricted Securities & Financial Institutions

In February 2022, the U.S. began issuing a series of sanctions that target investment in the Donetsk (DNR) and Luhansk (LHR) regions of Ukraine, Russian sovereign debt, the Russian financial system, and some individuals with ties to the Russian government. Click here to learn more about how these sanctions may affect the investments you may hold.

Securities with increased margin requirements and trading strategy limits

The following securities have additional requirements in place, and we will not be extending margin credit on some trading strategies. This is part of our normal course of business in situations of unusual volatility. You may continue to place buy and sell stock orders.

This list is as of January 5, 2022, 10:00 AM EST.   

All stocks are marginable (requirement = 100%).

Symbols: CAR

  • There are no limitations on long calls and long puts for this stock.
  • Custom spreads are not allowed, but standard spread orders are allowed.
    • Spread orders allowed include: Verticals, Back/Ratio, Calendar, Diagonal, Straddle, Strangle, Covered Stock, Collar, Butterfly, Combo, Condor, Iron Condor, Vertical Roll, Collar with Stock, Double Diagonal and Double Calendar.
  • Opening orders on short individual options are not allowed except for cash-secured puts or covered calls, which must be placed through a broker.
  • If you currently own stock and wish to sell a covered call, you must do so with a broker. Please be aware that wait times to speak with a broker may be longer than normal due to current market conditions.
  • If you have no position and wish to simultaneously buy stock and sell calls against it, you may enter the order as a covered stock (buy/write) order online.

Please keep in mind that security requirements/strategy limitations can be added and may change at any time, without notice due to volatility or other market conditions.

 

Symbols: AMC

  • We may also implement additional requirements on opening trades on options that expire.

Symbols: GME

  • Short selling of stock is not allowed at this time.
  • There are no additional requirements on long or short options at this time.
  • We may implement additional requirements on opening trades on options the day they expire.

Please keep in mind that additional security and strategy requirements can be added and may change at any time, without notice due to volatility or other market conditions.

Trading in Over The Counter (OTC) stocks

For clients interested in trading non-exchange-traded, Over The Counter (OTC) stocks, the industry is currently experiencing unusually high trading volume and third-party market makers currently may be delayed or in certain limited circumstances unable to complete trades in certain OTC stocks. Some market makers may reject unmarketable sell limit orders with a limit price far away from the stock price. 

Educate yourself on the risks

Trading in extremely volatile markets presents a number of inherit risks as securities may move quickly up and down. TD Ameritrade continues to be committed to helping investors better understand what can be behind these moves and how to navigate the market impacts.

Here are a few of the many educational resources we have available to you:

 

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Options involve risks and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading privileges subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before trading options.

Spreads, Straddles, and other multiple-leg option strategies can entail additional transaction costs, including multiple contract fees, which may impact any potential return.  These are advanced option strategies and often involve greater risk, and more complex risk, than basic options trades.

This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.

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