IB Margin on Iron Condors

[just21]

Quote from roncer:

Steve,

I occasionally sell a put or a call on an OEX option. I have been shocked by the margin required! Selling a $1.00 put the margin is above $10,000 per each contract sold naked.

Am I missing something?

Wait until 2nd of April when portfolio margining is introduced should go down to near SPAN rates.


http://elitetrader.com/vb/showthread.php?s=&postid=1358733#post1358733

 

[thegazelle]

Doesn't matter who you use, they are going to have a huge margin requirement if you are selling OEX options naked. The only way to solve the problem is to buy another option to hedge like I said in my example.