You can close multiple, independent options positions (on the same underlying) as a single, complex, multi-leg order. Use the Mosaic or Classic portfolio to select up to six independent options positions to use as legs of a new, complex, multi-leg order. Once legs are selected, use the right-click menu and choose the “CLOSE AS STRATEGY” trading button. The Strategy Builder opens with the option’s underlying loaded in the Option Chain and the selected position “legs” highlighted. The complex position opens in the Strategy Builder Order Entry, where you can modify as needed.
Note that you will only see the CLOSE AS STRATEGY button if:
This feature is designed to create an order that will completely close the selected positions, and calculates the order quantity accordingly, based on the leg ratio. For example, if you elect to close two positions where position A has a quantity of 3 and position B of 6, the ratio is simplified to 1:2 and the position quantity is set to 3. You can modify the quantity if you prefer to close only a portion of the selected positions.
Currently this feature is only offered for individual accounts. For multiple account structures, this feature can be used if a single account is selected.
Client who have managed partitions in their account that they cannot trade or sub-accounts managed by an advisor will now see only the mark price for positions instead of real-time data so that their account's market data allotment is not used up on assets that they can't trade. You can turn this feature off and show real-time data for these non-tradeable accounts by going into Global Configuration > Display > Ticker Row and checking "Always show market data for accounts and account partitions traded by your advisor." Note that this message will not display if your account does not have any advisor-managed partitions or sub-accounts.