The Buying Power Impact of Adding the Other Side

<p>When you have a naked single option on, such as a <a href="https://youtu.be/CF9DhvzVkbI">Short Put</a> or <a href="http://ontt.tv/2q3uINV">Short Call</a>, there is no additional buying power impact if you choose to add the other side, and convert the strategy into a Strangle/Straddle. The reason why this is the case is that only one side of the strategy can be in-the-money at any given time, so there is no justification to have to <a href="https://ontt.tv/PXmks">put up margin on both sides of the strategy</a>. As we look to adjust our Short Put from FL earnings, we see this exact phenomenon play out.</p>