SWVXX and Cash Secured Puts

If using SWVXX to back Cash Secured Puts, note there is a subtlety with this at Schwab. Free cash is used up first for the puts, and SWVXX is only used as a contingency if no cash is available. This means you could have a cash balance and still not be able to withdraw cash without incurring a margin loan and interest.

See this Reddit post.

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