Question: A trader writes ten naked option contracts, with each contract being on 100 shares. The option price is $16 and the time to maturity is

A trader writes ten naked option contracts, with each contract being on 100 shares. The option price is $16 and the time to maturity is seven months. The underlying index value is $340. What is the margin requirement if the options are index put options with an exercise price of $320?

	A.	$48,000
	B.	$50,000
	C.	$47,000
	D.	$67,000

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