Hello, new to options trading here. I've been scalping equities exceptionally well for awhile and have decided to give options a try on the side. I'm attempting to sell vertical put spreads OTM, but it soaks up such a significant amount of buying power. Is there a way to do this where I don't have to lock up so much capital for an extended period of time? I've allocated approx 40k to start options trading.
I dont believe I do. I moved some money into an old TD ameritrade account since I am already familiar with the platform. How would this benefit me over a standard margin account?
Try the SPX 15 JAN 21 put spread selling the 3500 and buying the 3450. for me it shows 4700 worth of buying power per contract
Assuming a 3 dollar sale,its showing $4536... From my experience,PM lets you sell far more naked wings as opposed to Reg T.. Not sure it helps that much with spreads relatively close to the money
I’d be interested to see how a SPAN acct would compare. I was unaware until now of the different margin accounts that could be done with derivatives in mind