spx margin

[Robert Morse]

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.

Not by my PC, so i’ll Give u a quick response. PM is meant to be a risk based margining system, so the OCC will shock a single stock hedged or not, part of a portfolio or not.

 

[Sig]

Not by my PC, so i’ll Give u a quick response. PM is meant to be a risk based margining system, so the OCC will shock a single stock hedged or not, part of a portfolio or not.

Thanks, I stand corrected!

 

[ETJ]

PM is pretty much irrelevant here as the spread requirement will only be the width - less than PM for and index that size - unless you are doing some widely large butterfly.
If you really want ES margin methodology just do the fly in the ES options - not the same settlement style so just keep a really close eye on it.

How wide of a fly are you intending to trade or is just an academic question?

 

[met1989]

PM is pretty much irrelevant here as the spread requirement will only be the width - less than PM for and index that size - unless you are doing some widely large butterfly.
If you really want ES margin methodology just do the fly in the ES options - not the same settlement style so just keep a really close eye on it.

How wide of a fly are you intending to trade or is just an academic question?

It’s 50/40 point are yiu a good trader

 

[traderjo]

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 is not clear what Option type of trading you wish to do?
- Straight forward buying Put or Call have to pay full price! where does the margin come in to it? 1 point x $250

- If you are selling naked options it will be % of the notional value same as ES options !
- If you are buying or selling spreads made up of Options then margin should be = max loss!
Or am I missing something here!