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hello today I'm gonna show you how to use
the explain margin feature thinkorswim
so if you go up to
the stop that you're interested in and you can see I
spiders on I have minus 244 delta's
and right now I'm short they tell her you'll see I have a lot about
positive the creating positions I think it's just constricted because a
options expiration which is when I'm
recording this I'm
you can see I have several options trades in here
different variables I'm
mostly calendars that iPod while the market was
going up although I do have some verticals also
so what I'm gonna do is you have two ways are doing this
that I know one is to right-click and then go down to
explain margin and then left-click and then you can see that
what you do and don't have hedged
so you can get an idea of what
you need to do to head shop everything or increase your
data position say you have a calendar that
you actually bought back to short option because it was so
cheap but you wanted wait for the market to go down a little better
you're debating on something so you just closed it out
now you can work for example I can see a half-point
33 shares a the December
150 put I
so I need to hedge against that I'm
I'll problem when I do sell a whole 150 point it'll actually
it should correct the variables
and reallocate everything and us it could change my
margin requirements so you can see most things our heads to get something
I have another January 141 put which is
pretty far out in the money so outcry way
Telemark comes down before I do something against that
the other way we can do is just go to the margin requirement and if you don't
see this margin requirement you can go to
to set up application settings
rebates and positions
and you can change this
to buying power fact or margin requirement McCann so ever since it's
already set up that way
and then if you go to like the spiders
you just click on the left on margin requirement and you get that same screen
and this is good so if you are wondering how your
options are hedged or if you
role calendars and you don't have and you
like I said closed up short at one point you can go ahead and see what
is on urged and that way you could sell
options against long positions you might have in your Cal
and I believe that's it
this are demonstration if you have any questions you can visit us at cell
data dot com that seel
th edta dot com in Warren
answer any questions you have yeah and comments or
Forms page have a good day