Initial Margin (IM)
Long Call
IM=0
Long Put
IM=0
Short Call
IM= |Position Size in BCH| * {max [ 0.25-max [ (Strike - underlying) / underlying, 0], 0.15] + option mark price}
Short Put
IM=|Position Size in BCH| * max {max [ 0.25-max [ (underlying - Strike) / underlying, 0], 0.15] + option mark price, MM}
Maintenance Margin (MM)
Long Call
MM=0
Long Put
MM=0
Short Call
MM= |Position Size in BCH| * [ 0.125 + option mark price]
Short Put
MM= |Position Size in BCH| * [ Max (0.125, 0.125 * option mark price) + option mark price]