Iron Condor chopped wing - Interactive Brokers

[guru]

Btw, these situations are a problem for me too. Sometimes my own trades overlap and I sell some option that was a part of my previous combo, so I end up with just a bunch of options that I have to remember what are they part of. It’s a logical problem of remembering how to group all those options into various strategies/combos, but doesn’t change anything about trading. I just try to avoid trading the same options across different strategies/combos.
And I use watchlists to add those combos back the way I want to see them.

So the solution for you is what I posted above: create the same IC and the same spread again and add it to a watchlist. This is the only way to see exactly what you want. At least it will show you how much your IC is worth and how much your spread is worth. So that’s the solution, but you didn’t mention doing it. So why not do that?

 

[ITM_Latino]

From what I see and understand, whatever you described as what you want, is exactly what you have.
The short and long 60 puts negated each other, and you kinda sold the 60 put to yourself, by buying it back for your 60/55 bull put spread. So you’ve ended up with no 60 puts, because it was a positive qty within your IC but negative qty within your spread. So that 60 put is gone, and logically it should be gone.
Keep in mind that at your broker there is no such thing as “iron condor” or “bull put”. They’re all individual options, but they can be grouped together in single order. So one of your orders bought and sold 4 different options, then your second order bought and sold 2 options, with one of those options “stolen” from your iron condor. So that one option no longer exists.

Looks like IB also replaced your IC grouping with anew combination of options, which may be ok for some people or look problematic for others, but it’s not a problem in general. An IC is just a visual display of 4 options. But they’re all individual options, so when one of those options no longer exists then the remaining 3 aren’t shown as IC, but are still there.
So you now have 4 options and this is correct. You just want to display 4 options as IC and 2 options as a bull spread, but that’s just your wish to display something the way you want, doesn’t mean you can get it
The fact it that all options are traded individually and you cannot have one option and at the same time not have it. +1 and-1 negate each other, so now you have 0 qty of one of those options.

I Finally Got it! Thank you very much