fuzzballl 7:33 am on Friday, July 7, 2017
Tags: 401k ( 16 ), IRA ( 431 ), ShortStrangles ( 716 )

SVXY

#ShortStrangles – Sold SVXY AUG 18 2017 80.0/180.0 Strangle @ 3.55

jsd501 8:21 am on Friday, July 7, 2017

I followed you at 3.57
hcgdavis 8:54 am on Friday, July 7, 2017

how much margin does it use up per contract?
- jsd501 8:58 am on Friday, July 7, 2017
  
  Fidelity is making me put up $1,300 per contract.
- fuzzballl 9:02 am on Friday, July 7, 2017
  
  I’m in a TDA portfolio margin account so it looks at all my other positions especially in SVXY. This particular strangle set me back $740 in margin.
  - hcgdavis 10:20 am on Friday, July 7, 2017
    
    So non portfolio margin about double, or what @jsd501 has above.
    
    Thanks
    - fuzzballl 10:25 am on Friday, July 7, 2017
      
      Sounds about right. I’d be guessing since all of my non portfolio margin accounts are of the #IRA or #401k type where I can’t sell naked calls. I can suggest that any account that is eligible for portfolio margin I would definitely take advantage of it.

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