I've bought out the money calls on a stock but I would not have enough margin to exercise all the options at the strike price. My position is speculative - I don't own the underlying. I've just realised that if I sold these (hopefully) "in the money calls" before they expired to realise the profit; I'd be liable to deliver to the buyer at the strike ...but I can't afford to buy the underlying..... How can I realise the profit of the options in this situation? Is there anyway to avert this potential margin call by hedging? btw: my broker is IB. PS; this is my first post to the board and my first time trading options. so yes.... I'm a newbie!!!