5740. Short iron condor spread

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    1. Where a client account contains a short iron condor spread combination on the same underlying interest with all exchange-traded options expiring at the same time, such that a client holds four separate options series wherein the exercise prices of the options are in ascending order, and the interval between the exercise prices is equal, comprising short positions in a call option and a put option and the short options are flanked on either side by a long put option and a long call option having a lower and higher exercise price respectively, the minimum margin required shall equal the exercise price interval multiplied by the unit of trading.

    5741. - 5749.  Reserved.

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    There is no history log for this rule.