Hello,
I have tried SPY options spread combination with 4 legs /in 2 expiration periods/.
The options are selected in such way so to form a Conversion (Reversal) spread after the first expiration date.
Since the Conversion (Reversal) spread is a risk-free option strategy, IB should requires minimal margin and cash.
Unfortunately, after the first expiration date I see into the account not a new spread but just single separate legs.
I need a spread and I need this new spread to be established automatically in order to decrease the margin and increase the cash.
Also I would like to see a tool that will allow me to modify manually the option spreads so I could achieve the best management of the margin and cash in my account. Especially if I buy/sell the legs one by one and want them into a spread.
Does anybody know some way that could solve this problem or we have to wait IB to develop the decision?
I have tried SPY options spread combination with 4 legs /in 2 expiration periods/.
The options are selected in such way so to form a Conversion (Reversal) spread after the first expiration date.
Since the Conversion (Reversal) spread is a risk-free option strategy, IB should requires minimal margin and cash.
Unfortunately, after the first expiration date I see into the account not a new spread but just single separate legs.
I need a spread and I need this new spread to be established automatically in order to decrease the margin and increase the cash.
Also I would like to see a tool that will allow me to modify manually the option spreads so I could achieve the best management of the margin and cash in my account. Especially if I buy/sell the legs one by one and want them into a spread.
Does anybody know some way that could solve this problem or we have to wait IB to develop the decision?