Hello options traders! For margin requirements on naked options, I found this thread: http://www.elitetrader.com/vb/showthread.php?threadid=148820 Am I reading that right? For a single (1) naked $3 contract (100 shares) with strike price of $75 on an $80 stock, margin requirements would be $3 + max(20% * ($80 - $75), 10% * $80, $2.50 * multiplier * 1)... so $3 + $10... so $13 per $3 contract? So one would need $16 per $3 contract when selling naked options? And then more if the underlying went further from the strike price? I'm really far away from trading options live. However since my main strategy is to be both long and short different markets, I want to start looking into combining put and call options. Deterrents are the huge bid-ask spread and the huge margin requirements. I hoped selling both naked puts and naked calls would minimize the margin requirements, as in, the options would cancel each other out. Apparently not. Are there any creative ways of minimizing the margin requirements?