5738. Long condor spread

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    1. Where a Dealer Member inventory or client account contains a long condor spread combination on the same underlying interest with all exchange-traded options expiring at the same time, such that four separate options series are held wherein the exercise prices of the options are in ascending order and the interval between the exercise prices is equal, comprising a short position in two call options (or put options) and the short call options (or short put options) are flanked on either side by a long call option (or long put option) having a lower and higher exercise price respectively, the minimum margin required is the net market value of the short and long call options (or put options).

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    There is no history log for this rule.