IB option spreads problem /suggestion

Discussion in 'Interactive Brokers' started by abc12345, Mar 4, 2021.

  1. abc12345

    abc12345

    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?