RE: margin callYou might want to check with the exchange.
The following is a breakdown of the various margin rates set out by the exchange.. Also note that a dealer can request a higher margin level.
for securities selling Minimum client Maximum Loan
margin required value
at:
Option eligible shares 30% of Market 70% of market
$2.00 and over 50% of market 50% of market
$1.75 to $1.99 60% of market 40% of market
$1.50 to $1.75 80% of market 20% of market
under $1.50 100% of market no loan value
Even though a dealer may set margin rates higher than the exchange, there have been some dealers who have lowered their rates recently more in line with the exchange so as not to cause serious fallout with margin calls, as a result of with the recent selloff...