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Post by Deleted on Aug 1, 2019 8:55:46 GMT -5
Fidelity increased it’s payment to 2.175%. But that’s far below what others posted regarding Schawb. Usually Fidelity is higher than Schwab. Schwab is at 6% |
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Post by cretin11 on Aug 1, 2019 11:45:30 GMT -5
Fidelity increased it’s payment to 2.175%. But that’s far below what others posted regarding Schawb. Usually Fidelity is higher than Schwab. Schwab is at 6% Casper, you're saying Schwab's lending rate is 6%? (I'm just clarifying/confirming you aren't referring to Schwab's borrowing rate.) It is unusual for Fidelity and Schwab's rates to be so far off each other. |
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Post by Deleted on Aug 1, 2019 16:42:14 GMT -5
Usually Fidelity is higher than Schwab. Schwab is at 6% Casper, you're saying Schwab's lending rate is 6%? (I'm just clarifying/confirming you aren't referring to Schwab's borrowing rate.) It is unusual for Fidelity and Schwab's rates to be so far off each other. Yes correct. Normally Fidelity is higher than Schwab by a few pct points. |
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Post by boca1girl on Aug 5, 2019 12:07:30 GMT -5
Fidelity increased it’s payment to 2.175%. But that’s far below what others posted regarding Schawb. Down a tick to 2.0% this morning. |
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Post by Deleted on Aug 5, 2019 14:38:00 GMT -5
Schwab has RETURNED all shares
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Post by boca1girl on Aug 5, 2019 15:42:50 GMT -5
Schwab has RETURNED all shares That 6% was too good to last. |
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Post by boca1girl on Aug 20, 2019 7:08:51 GMT -5
Rate paid by Fidelity ticked up to 2.125% yesterday. It was at 2.0%.
I bought mores shares at 1.03 last week but they have not been loaned out yet.
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Post by boca1girl on Aug 21, 2019 15:27:25 GMT -5
Rate paid by Fidelity ticked up to 2.125% yesterday. It was at 2.0%. I bought mores shares at 1.03 last week but they have not been loaned out yet. My new shares went out on loan today. Rate is still 2.125%. |
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Post by boca1girl on Sept 1, 2019 5:50:24 GMT -5
Rate paid by Fidelity ticked up to 2.25% on Friday.
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Post by boca1girl on Sept 4, 2019 5:49:54 GMT -5
Rate paid by Fidelity ticked up to 2.25% on Friday. Back down to 2.125% Tuesday, Sept. 3. |
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Post by boca1girl on Sept 18, 2019 7:48:45 GMT -5
100% of my shares (3 Fidelity accounts) were returned yesterday, 9/17. This has only happened a few times in the years I have been in the program.
The rate paid yesterday was 2.25%. My husband's shares were not returned however, but he owns far fewer shares.
When Fidelity has shares returned, they try to journal them back to accounts that have a higher number of shares so they affect fewer accounts.
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Post by castlerockchris on Sept 18, 2019 15:39:27 GMT -5
Our shares have been out since July 2018 and not returned to our account. I sure miss the days of 40%+ interest rates. If the strike prices gaps were not so far apart, and there weren't so many scammers trying hit grand slams by catching people placing market orders on options, I would call my own shares and be selling short dated calls. My goodness, almost anything would be better than collecting 2.25% interest. Here is to hoping the price PPS gets back up close to $3 and the interest rate paid tracks higher with it! I miss getting my free shares every month.
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Post by boca1girl on Sept 26, 2019 7:21:47 GMT -5
100% of my shares (3 Fidelity accounts) were returned yesterday, 9/17. This has only happened a few times in the years I have been in the program. The rate paid yesterday was 2.25%. My husband's shares were not returned however, but he owns far fewer shares. When Fidelity has shares returned, they try to journal them back to accounts that have a higher number of shares so they affect fewer accounts. Yesterday a small amount of my shares (5%) went out on loan. Fidelity told me there is not much demand. Interest paid is at 2.0%. |
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Post by boca1girl on Oct 11, 2019 8:15:17 GMT -5
100% of my shares (3 Fidelity accounts) were returned yesterday, 9/17. This has only happened a few times in the years I have been in the program. The rate paid yesterday was 2.25%. My husband's shares were not returned however, but he owns far fewer shares. When Fidelity has shares returned, they try to journal them back to accounts that have a higher number of shares so they affect fewer accounts. Yesterday a small amount of my shares (5%) went out on loan. Fidelity told me there is not much demand. Interest paid is at 2.0%. Rate paid at Fidelity dropped to 1.875% on Wednesday and 95% of my shares are NOT loaned out. I’m surprised since the last short interest report showed an increase of 1M shares. |
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Post by matt on Oct 11, 2019 9:35:43 GMT -5
Yesterday a small amount of my shares (5%) went out on loan. Fidelity told me there is not much demand. Interest paid is at 2.0%. Rate paid at Fidelity dropped to 1.875% on Wednesday and 95% of my shares are NOT loaned out. I’m surprised since the last short interest report showed an increase of 1M shares. It more efficient for large shorts to borrow from brokers that hold a lot of shares in street name; it is better from the brokerage's standpoint to lend 100,000 shares at once from the street name pool than it is to lend 1,000 shares from each of 100 individual accounts because there is less paperwork to do (even if computers do most of the heavy lifting). Similarly, a lot of the discount brokers that offer "free trading" can do so because they have permission to loan out shares in exchange for "free" services they provide. |
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