Question: IB Reg-T Margin EoD for Covered Calls

Discussion in 'Options' started by LUCKYSTRlKER, Mar 1, 2010.

  1. Hello guys!

    From IB website:
    Interactivebrokers' Reg-T Margin requirement for overnight holding of
    Covered Calls (Short an option with an equity position held to cover full exercise upon assignment of the option contract):
    Initial stock margin requirement + 100% of in the money option value. Short sale option proceeds are applied to cash.

    Now my question:
    How high is the overnight margin for "partly covered" calls, e.g. you are long 300 shares and short 10 out-of-money-calls?
    Is it as high as if you were long 1000 shares? Or 300 shares? Or something different?
    Couldn't find any info on that.

    TIA,
    Lucky
     
  2. rew

    rew

    You have 7 naked short calls so I assume the margin for naked calls applies to them.
     
  3. spindr0

    spindr0

    You margin requirement will be calculated based on holding 3 covered calls and 7 naked calls.
     
  4. Thanks, guys!