Robinhood is not letting me place a short strangle option order

Discussion in 'Stock Market Today' started by ChelseyCat, May 7, 2021.

  1. ChelseyCat

    ChelseyCat New Member

    Joined:
    May 2, 2021
    Messages:
    2
    Likes Received:
    0
    Attempting a short strangle on WDC with the following components:

    $74 / .05 Sell Call $69 / .04 Sell Put

    It won't let me complete the transaction and states :"Not Enough Shares. You don’t have enough shares of WDC for the collateral needed to place this order."

    Do I need to own shares of WDC to execute this option?
     
  2. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    8,536
    Likes Received:
    2,996
    Is it all being entered in one order?

    Can you do one leg, then the other?
     

Share This Page