Now you know why @destriero doesn't need to sell courses and doesn't charge for advice. A good lesson for those looking to buy money making courses online or joining a subscription website.
If I read this correctly, you are saying you are in at an average of $6 per contract, so with 800 you are requiring $4800 cash for the trade...What is the margin requirement total for positions?
You are off by a factor of 100.. 800 x multiplier of 100 He good,but he didn't invent options ..Not making couple of mil on a 4800 dollar position..
Indeed, I keep forgetting the multiplier bit. So $480K cash required. Still wonder about the margin requirement though.
No, these are short gamma diagonals. Some are 200 wide. The req on a single of the 200-wide is $20K less the credit. If all 800 were 200-wide my req would be $16MM. It's not, but it's the biggest position I've ever had in index or SN. It's a cash req. There is no margin.