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I have extensively traded futures and stocks but this is my first option trade. I have, however read alot of material on options and everywhere, it was clearly mentioned that in long call and long put positions, the maximum one stands to lose is the purchase price and commission. Here in...

Hello guys. I just bought a CL NYMEX MAR10 80.00 CALL at 0.23. Total cost according to IB order ticket was $232.75 however the order ticket also mentioned Initial margin as something $20k+. I am not buying on margin and since I am long call I am a bit confused why margin is even being mentioned...