A trader opens a new position by writing two put option contracts. Each contract is on 100
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Question:
A trader opens a new position by writing two put option contracts. Each contract is on 100 shares of Exxon Mobil common stock. The option premium is $6.06, the strike price is $50, and the stock price is $46.88. All prices listed here are per share.
What is the total initial margin for the two contracts? Apply the CBOE margin requirements.
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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