5780. Long option positions 

Or jump to a Series:

    1. The minimum Dealer Member inventory margin required for long over-the-counter option positions is:

      1. where the option’s market price is less than $1.00, the market value of the option,

      2. where the option’s market price is $1.00 or more, and:

        1. the option is a call option, the market value of the call option less 50% of any excess of the market value of the underlying interest over the aggregate exercise value of the call option, or

        2. the option is a put option, the market value of the put option less 50% of any excess of the aggregate exercise value of the put option over the market value of the underlying interest.

    2. The minimum client account margin required for long over-the-counter option positions is the market value of the option.

    There is no history log for this rule.

    There is no history log for this rule.