BP Effect / Margin Requirements

Long Butterfly
Margin requirement when trading a long butterfly Applies only to Margin Accounts The BP effect of a long butterfly is the net cost of the spread (cost of ...
Short Iron Condor
Margin Requirement for a short Iron Condor You must have a margin account to trade an iron condor The buying power effect for a short iron condor is the r...
Long Iron Condor
Margin Requirement for a Long Iron Condor Applies only to a margin account The BP Effect of a long iron condor is the net cost of the spread (cost of the ...
Short Stock (or ETFs)
Margin Requirements when Shorting Stocks or ETFs Only margin accounts may short stocks or ETFs Stock > $5.00 For stocks above $5.00 a share, the initi...
Long Stock (or ETFs)
Buying Power Requirement for Stocks or ETFs in a Cash account Limited to your buying account's buying power When going long or purchasing stocks or E...
Short (Credit) Vertical Spread
Margin requirements for a short vertical credit spread Only margin accounts may trade call or put spreads The margin requirement for short (credit) vertic...
Long (Debit) Vertical Spread
Margin requirements for a long vertical debit spread Only margin accounts may trade call or put spreads Long (debit) vertical spreads do not have a margin...
Short Straddle/Strangle
Margin requirements for a short straddle or strangle Only margin accounts may trade a short straddle or strangle The margin requirements for a short strad...
Short Calendar Spreads
Margin requirement for a short calendar spread Applies to margin accounts only The margin requirement for a short calendar spread is the cost of the long ...
Long Calendar Spreads
Margin Requirement for Long Calendar Spreads Applies only to margin accounts The BP Effect for a long calendar spread is the net cost of the spread (debit...