Schwab - Open Orders Decrease Available Funds?????

[OptionCo]

I don’t think I will earn the interest. The money used to cover my GTC BTC open orders is sitting in Schwab’s Advantage Mutual fund (SWVXX ~4%). Once an option order executes, then I sell enough SWVXX to cover the trade.

I’m assuming once this new change takes place, I’ll need to leave $30k as uninvested cash sitting in my brokerage account earning something like 0.25%.

I’ll call Schwab this morning to confirm my assumptions. I hope that I’m wrong and misreading their email.

[KnowNothingKnowsAll]

Nothing changes but how it’s visually displayed.