Options on futures for hedging - margin required

What would be the margin required for the following position:
short 1 ES futures
long 1 ES call option

with the same expiration date?

 

I don't have a SPAN margin calculator, but you are not giving enough information to those that do. You need to know the exact option details and the price of the future you are modeling.

 

Sorry. Expiration Dec'16; future price 2081.50, option strike 2085.00

 

This is the best I can do....Have not used this in 2 years. http://www.cmegroup.com/confluence/display/pubspan/Quick+Installation

bob

 

Looks a little low to me. Maybe I did it wrong...

 

It's a synthetic long put. Why don't you just buy a put?

 

Because his broker's kids gotta eat too!

 

I'm guessing he was trying to see if he could put less money in up to enter a synthetic put than buying the actual put.