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A Dealer Member must calculate and obtain minimum client margin from clients with option positions according to the following:
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all open written transactions and resulting short positions must be carried in a margin account,
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each option must be margined separately and:
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for equity, index participation unit, debt or currency options, any difference between the market price of the underlying interest, or
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for index options, any difference between the current value of the index,
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and the exercise price of the option has value only in providing the amount of margin required on that particular option.
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There is no history log for this rule.
There is no history log for this rule.