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Can't close vertical credit spreads due to insufficient buying power, despite having the maximum possible loss held in collateral???

By jacobogrady
December 5, 2018 in General Board

https://steadyoptions.com/forums/forum/topic/4998-cant-close-vertical-credit-spreads-due-to-insufficient-buying-power-despite-having-the-maximum-possible-loss-held-in-collateral/

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jacobogrady

Posted December 5, 2018

I placed an order yester on TOS for my paper trading account, that was a AMZN vertical put credit spread with a strike price of 1700 and 1695 put that expires Friday. Amzn crashed today and I was wanting to close the trade for a loss but it wont let me close either put because it says I don't have enough buying power even though they are already holding my max loss. Why cant I close the trade now? Instead of having to take the maximum loss by letting it expire on Friday most likely ITM? Thanks.

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