Initial Margin (IM)
Long Call
IM=0
Long Put
IM=0
Short Call
IM= |Position Size in BTC| * {max [ 0.15-max [ (Strike - underlying) / underlying, 0], 0.1] + option mark price}
Short Put
IM=|Position Size in BTC| * max {max [ 0.15-max [ (underlying - Strike) / underlying, 0], 0.1] + option mark price, MM}
Maintenance Margin (MM)
Long Call
MM=0
Long Put
MM=0
Short Call
MM= |Position Size in BTC| * [ 0.075 + option mark price]
Short Put
MM= |Position Size in BTC| * [ Max (0.075, 0.075 * option mark price) + option mark price]