Author asks for advice on structuring collateral for an IBKR options account to write put credit spreads.
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Hey all. So today I have two accounts, Fidelity (where I mostly have dividend funds, 401k, RSUs etc), and Robinhood (where I have level 3 options and am routinely writing 150+ contracts a month).
I just opened an IBKR account and it'll be my first setup-from-scratch situation. Planning on starting funding around $50K and mostly write a lot of put credit spreads, sometimes a few calls, maybe some short lived call debit spreads.
On this account I'll be doing almost zero "holding for growth", it's all about trading. So I am game to do anything with the assets that makes them as available as possible for my option collateral but still ideally doubles up with additional income.
What are some good strategies here? Let it sit on cash and get X% money market? Put it all in some dividend fund and use as margin? Another more advanced option I haven't considered?