Hi,
Can anyone please suggest me the margin requirements for calendar spreads. I am specifically looking for crude oil and RBOB gasoline.. My broker has put a margin of close to $5,500 for one lot of crude calendar spread (CLU0-CLX0). Is it reasonable and the standard rate? I tried to get the information from CME website (http://www.cmegroup.com/wrappedpages/clearing/pbrates/performancebond.html), but may be due to my lack of experience, couldn't really figure out the requirements for spread calenders. I may be wrong, but after reading the several posts in this forum I had an impression that the margin requirements for calendar spreads are minimal (in hundreds rather than 1000s). Any help is highly appreciated.
Thanks
Joby
Can anyone please suggest me the margin requirements for calendar spreads. I am specifically looking for crude oil and RBOB gasoline.. My broker has put a margin of close to $5,500 for one lot of crude calendar spread (CLU0-CLX0). Is it reasonable and the standard rate? I tried to get the information from CME website (http://www.cmegroup.com/wrappedpages/clearing/pbrates/performancebond.html), but may be due to my lack of experience, couldn't really figure out the requirements for spread calenders. I may be wrong, but after reading the several posts in this forum I had an impression that the margin requirements for calendar spreads are minimal (in hundreds rather than 1000s). Any help is highly appreciated.
Thanks
Joby