IBKR Mobile for Android 2026 Release

Protective Collar options trading strategies are available in the Options Wizard. This options trading strategy provides a way for clients to protect an existing position from losses below a certain amount at the cost of capping upside. To utilize this tool, please take the steps outlined below.

  1. Click the Trade icon at the bottom of your screen.

  1. Select Options Wizard.

    The options wizard button on the Android Phone

  2. Click the underlying position for the Protective Collar Option Strategy.

    The option wizard search intrument page on the Android Phone

  3. Click Option Wizard listed under your underlying position.

    The option wizard button on the android phone.

  4. If you have a multi-client account structure, click the account you would like to place the options trade for and select Next.

    The option wizard select account on the android phone.

  5. Click Protect a Position.

    The option wizard protect a position on the android phone

  6. Click Find Strategies.

    The protect a position find strategy button on the android phone.

  7. Click the desired Maturity Date and select Next.

    The protect a position select date on the android phone

  8. Click the + or - signs next to Protect my position in from falling more than... and Give up gains in QQQ rising more than.... Click Next once the information is entered.

    The protect a position forecast criteria on the Android phone.

  9. A list of strategies which leverage an existing Stock position will populate in the Results panel. Select one of the Protective Collar option strategies that best suits your trading strategy.

    The protect a position select a strategy on the android phone.

  10. Once you select the strategy, the leg details will pre-populate at the bottom of the screen. Click the Order button to enter the additional order parameters.

    The protect a position leg details on the android phone.

  11. Review your order and slide the bar at the bottom of the screen to submit.

    The protect a position buy order on the android phone.