"Your alleged ITM option position could easily be OTM the next day." Would such a situation not just trigger a margin requirement. I was arguing...
I am not talking about the upfront cost of an option, I am talking about an option that has been purchased whose relationship to the underlying...
I had an argument about if it was possible during the lifetime of an option, but before expiry, to collaterize an option that is 'in the money'....
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