We’ve listened to our advanced traders and have been hard at work building advanced trade management tools.
From today, you can split Iron Condors and Iron Butterflies into separate credit call and put spreads. Giving you more control for those times when it makes sense to leg out of a trade, while maintaining defined risk.
Here’s how it works:
Note on splitting and legging out of positions: Closing one side of an Iron Condor or Iron Butterfly may increase risk and require additional collateral for the remaining spread. You can read more about why, here.
You can now also aggregate multiple positions in the same stock or option strikes into single larger positions. So, when you’ve built a position over time, you can clearly see the average cost basis or close in one trade.
Coming Next: Options Spreads in Your Pocket!
Our next release is the thing we’ve been asked for most – an iOS and Android app. An app that finally lets you enjoy advanced trading on the go. So, we’re excited to share how we’ve truly changed the game when it comes to smarter options straight from your phone. We think you’re going to like what you see!