I understand finding “Wonderful Companies” wouldn’t be covered this time, but we could use the buy prices from experts and then apply the strategies we learned based on that. I might have missed this, I was just wondering how can I usually check or find the updated buy prices. I think you mentioned things like Seeking Alpha and other sources before, but it’s still a little unclear to me. Could you share a bit more detail on how you normally look them up?

Aparently IBKR cash accounts doesn't recognize the hedge on a vertical credit spread, they calculate the margin as if it is a cash covered put. They calculate the margin not on the hedge (the difference between the two puts, bought and sold) but on the full assignment at the lower strike. Gemini suggests that vertical credit spreads are not allowed on cash account on IBKR and only works on margin accounts ... is that true? @Wendy Dai what do you think?

Trading Index Options requires a separate permission, when I enter to request permission, the US Market is not available to select, only available options are Europe and Asia. Do I need to enable another permission first like Leveraged ETFs or something? it is not clear to me because I already have Level 3 and trading other options for the US market.

Hi Wendy, I've successfully passed the Level 1 Option Trading quiz for my trading platform. The quiz for Level 2 is a bit more challenging, I missed the pass mark by one question, and I am not even sure where I went wrong. Can you recommend any exam prep guides ? I'm still only as familiar with all the options specific wording as you've taught us so far.

Do we set up an Australian account and use AUD, do we convert USD to send to this, or do we set up a US IBKR account and send USD?