Because of portfolio margin, positions within the same portfolio interact with one another on Kyan.
Offsetting Risk
If one position reduces the risk of another, your margin requirements decrease.
Example
Long and short calls at different strikes (a spread) cost less margin together than separately.
Compounding Risk
If positions amplify exposure, margin requirements increase.
Example
Holding a long call and a long perp on the same asset increases directional risk.
Combo Trades
Multi-leg strategies like Straddles, Strangles, and Iron Condors are recognized by the system. The margin engine calculates their true net risk, which is often lower than summing them trade by trade.
This interconnectedness rewards traders who build structured portfolios.