spx margin

is it possible to trade the spx options with margin the same way as ES options trade ? cause i don't have 100000 to open a portfolio margin account
 
Not that familiar with ES option margin, but SPX margin without a PM account can be very high. Anytime you are short units or short a time spread, you are going to have high margin. Don't know of anyway around it.
 
is it possible to trade the spx options with margin the same way as ES options trade ? cause i don't have 100000 to open a portfolio margin account
It's not clear what a portfolio account has to do with SPX options? If you want to minimize your outlay you can always trade vertical spreads. A 5 point spread has only a $500 max cost/loss per contract.
 
I think the OP wishes to increase his leverage beyond Reg-T, which is possible with PM, but allows one to over-leverage. His reference to SPAN margin (via Futures accnt) suggests the increased leverage is what he would like.
 
I think the OP wishes to increase his leverage beyond Reg-T, which is possible with PM, but allows one to over-leverage. His reference to SPAN margin (via Futures accnt) suggests the increased leverage is what he would like.
If you're just trading SPX options, your leverage is going to be the same under Reg-T and PM, no?
 
No! The PM Margin is computed different from Reg-T (even for a single underlying). I forget the formula (which can vary broker to broker). I do NOT have PM accounts, as I do not want this "feature" (which can bite when the margin is dynamically re-assessed)!
 
I don't see why PM margin would be calculated differently for a single underlying. The word "Portfolio" in "Portfolio Margin" is there for a reason, it's reducing margin if the portfolio reduces risk compared to the risk of each component of the portfolio alone. If you've got only one option in your "portfolio" you haven't got a "portfolio"! I'm sure Robert knows the answer on this one though, hopefully he'll let us know.
 
I don't see why PM margin would be calculated differently for a single underlying, it's called the "Portfolio" in "Portfolio Margin" is there for a reason, it's reducing margin if the portfolio reduces risk compared to the risk of each component of the portfolio alone. If you've got only one option in your "portfolio" you haven't got a "portfolio"!
But if your selling one put on spx of you havePM U WONT NEED 125000k u will only need to put 22000 Aprox... get the point ?!
 
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