What are the Slide-Risk parameters OptionsHouse enforces?
OptionsHouse classifies client accounts as either “Diversified” or “Concentrated.” A Concentrated account is one that holds positions in less than six unique symbols. A Diversified account can hold either six or more unique symbols or positions in broad-based indices (or ETFs based on those indices). For Concentrated Portfolios: For portfolios with equity, equity option, narrow-based index, and narrow-based index option positions, we look at your slide risk down to -50% and slide risk on the upside to +20% as measured on the “Market Risk” tab of the “Risk Viewer” tool. A Risk Violation will occur if your account has slide risk greater than 100% of your Account Value. You may then be required to take action (such as reducing your positions or depositing funds). For a portfolio with broad-based index and/or broad-based index option positions (e.g. SPX, SPY, RUT, OEX, QQQQ, DIA and other similar indices), we look at your slide risk down to -50% and slide risk on the upside to +20% as meas
