Anyone understand box spread (as a loan) and could write steps for Schwab/Fido?

[nalor511]

I've been reading about box spreads as cheap(er than margin, even at IB) loans, but I don't want to transfer to IB. Does anyone understand them well enough to write a quick how-to at another broker, like Schwab? Or Fidelity?

Those two places have much higher default margin rates, of course, so box spreads (if possible) would be a good way to sidestep that

Thanks!

[ChpBstrd]

I’ve never successfully executed a box, though I’ve tried a couple of times. OptionAlpha has some good content on unusual strategies such as these.
 
https://optionalpha.com/podcast/box-spread-basics-options-traders
https://optionalpha.com/strategies/short-box-spread
https://optionalpha.com/strategies/long-box-spread

You will probably have to execute the trade in separate parts, rather than as a package. This could have margin implications if your broker’s software does not recognize the offsetting risks of the overall strategy. Give customer service a call to discuss this before making a trade.