Question: A trader writes two naked put option contracts. The option price is $3, the strike price is $40 and the stock price is $42. What

A trader writes two naked put option contracts. The option price is $3, the strike price is $40 and the stock price is $42. What is the initial margin?

Select one: a. $1,800 b. $1,900 c. $1,850 d. $1,880

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