How to close a cryptocurrency iron condor on thinkorswim?

3 answers

• Nov 29, 2021 · 3 years ago
  To close a cryptocurrency iron condor on thinkorswim, follow these steps: 1. Log in to your thinkorswim account and navigate to the Trade tab. 2. Locate the options position you want to close in the Positions or Monitor tab. 3. Right-click on the position and select 'Create Closing Order'. 4. In the Order Entry window, review the details of the position and make any necessary adjustments. 5. Select the appropriate order type (e.g., market, limit) and specify the quantity. 6. Click 'Send' to submit the closing order. Note: It's important to monitor the market conditions and consider the bid-ask spread when closing your iron condor position.
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• Nov 29, 2021 · 3 years ago
  Closing a cryptocurrency iron condor on thinkorswim is a straightforward process. First, access the Trade tab on the platform. Then, locate your iron condor position in the Positions or Monitor tab. Right-click on the position and choose 'Create Closing Order'. Review the position details and adjust as needed. Next, select the order type and specify the quantity. Finally, click 'Send' to execute the closing order. Remember to consider market conditions and the bid-ask spread before closing your position.
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• Nov 29, 2021 · 3 years ago
  Closing a cryptocurrency iron condor on thinkorswim is similar to closing any other options position. First, log in to your thinkorswim account and navigate to the Trade tab. Find the iron condor position you want to close in the Positions or Monitor tab. Right-click on the position and select 'Create Closing Order'. Review the position details and make any necessary adjustments. Choose the order type and specify the quantity. Finally, click 'Send' to close the iron condor position. If you need further assistance, you can reach out to BYDFi's customer support for guidance.
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