I have a account with charles schwab and just received a margin call for 11490. happy new year. So the down turn on the market messed up a number of trades. My net liquid is 18,080. The Maintenance requirement is 19,260. The cash is 26310 and the funds for trading is 4200. So My understanding is that the issue is the net liquid dropped below the maintenance requirement. Correct?
My account has iron condors and broken butterflys. The iron condors are in good positions with profit for the most part. On the BB some of in the money a good bit and some are at the money or out. Many are negative profit but with the movements and IV show negative profit.
I don't really have extra money to put in so all solutions need to come from the account.
My question is what should I do first? Close out my positions that are good to free up capital ? Or close the bad ones to get rid of dead weight?
From my understanding the net liquid needs to be above the maintenance req. Would closing the good trades that have some profit lower the maintenance req and would that change the net liq?
Whats the best bang for buck?