20% of the underlying stock price minus any out-of-the-money amount plus option premium OR 10% of the underlying stock plus option premium, whichever is greater.
Short option requirements for 3X Leveraged ETFs use 60% and 30%
Short option requirements for 2X Leveraged ETFs use 40% and 20%
Important note: Due to increased market volatility, margin requirements are subject to change at any time. Please contact our customer service department at 1-877-653-2500 and ask for the margins desk to request the most up-to-date information. You may also email firstname.lastname@example.org.