There are several reasons why you might be unable to roll your options:
- Negative Available Funds: You cannot enter a margin-increasing order when your account has negative Available Funds. Available Funds represent the amount available for further margin trading. This situation typically occurs when your Initial Margin Requirement exceeds your Equity for Initial Margin.
To resolve this issue:
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- Reduce or close one of your concentrated positions
- Add positions to diversify your account, which may lower Initial margin requirements
- Use the check margin/preview function to see how potential orders would impact your initial margin requirement
You can review your margin as a snapshot in your daily Margin Report.
- Adjusted Options: If the options have been adjusted by the Options Clearing Corporation (OCC), you may be unable to roll them. Adjusted options are automatically put in Closing Only status, meaning you cannot open a new position or roll them.
To check if your option contract have been adjusted due to a Corporate Action:
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- Visit the OCC information memo search page.
- Search for your specific option symbol or OCC memo number.
Additional Information
- Check Margin Pre-Order in the users' guide.
- If you are still unable to roll your options after checking these factors, please contact IBKR customer support for further assistance.