Can someone help me figure out how to calculate options spread requirement? I have 3x 650/880 BPS and 6x 650/900 BPS. Schwab is saying I have $162,020.00 spread requirement, but I calculate $219K.
(880-650)*100*3 = 69K
(900-650)*100*6 = 150K
What am I missing?
(880-650)*100*3 = 69K
(900-650)*100*6 = 150K
What am I missing?