Quote from nixodian:
just google it! loads on it, can use it if more bullish than bearish for eg but i'll give quick eg, if going to do a broken wing iron condor (where the call and put side widths differ) on SPY, eg 163c 170c 158p 150p
you'd have to put up 7 points on call side and 8 points of margin on the put side, total 15points in margin. with the new margin rules as detailed in my 1st post you'd have to commit only 8 points in margin saving 7 points to do alternatives.
IB can't let us taken advantage of these beneficial margin rules, so to do this broken wing iron condor, we'd have to open two credit spreads costing us 15 margin points[/QUOT
Thanks . Ib might allow this in the future. I normally do the standard iron condor on SPX ,
